Week of April 1, 2019

Housing Market Snapshot

Available inventory as of January 2019

Available inventory as of January 2019
Region Inventory 01/2019
West 130,593
Midwest 100,530
South 321,058
Northeast 112,297
State Inventory 01/2019
Alabama 7,847
Alaska No data
Arizona 26,139
Arkansas 2,916
California 61,490
Colorado 8,390
Connecticut 15,046
Deleware 4,099
District of Columbia 1,304
Florida 123,499
Georgia 28,884
Hawaii 3,825
Idaho 2,680
Illinois 32,813
Indiana 862
Iowa 1,195
Kansas 1,891
Kentucky 5,765
Louisiana 6,528
Maine No data
Maryland 17,694
Massachusetts 11,301
Michigan 16,732
Minnesota 7,961
Mississippi No data
Missouri 9,752
Montana 642
Nebraska No data
Nevada 10,878
New Hamsphire 3,732
New Jersey 25,350
New Mexico No data
New York 25,745
North Carolina 27,741
North Dakota No data
Ohio 20,555
Oklahoma 8,662
Oregon 5,445
Pennslyvania 25,924
Rhode Island 3,454
South Carolina 11,725
South Dakota 32
Tennesse 1,738
Texas 53,630
Utah No data
Vermont 1,745
Virginia 17,042
Washington 11,104
West Virginia 1,984
Wisconsin 8,737
Wyoming No data

The South led the nation in available housing at the beginning of 2019 with 321,058 units.1 This follows a similar trend from October 2018 where the South had the most available housing. Florida had the highest amount with 123,499 units. That’s more than double California, which was at second place with 61,490 houses. High inventory in Southern states may help to keep prices low, despite rising population growth.

Compared with October 2018, there were 127,893 fewer homes available at the start of 2019. However, more starts could enter the market by the end of winter.

1Source data: CoreLogic®

Data date: 2/26/2019

More from this week's issue