Looking at housing inventory change in percentage terms over the course of one year, the majority of cities that have experienced the largest one-year increase are primarily in the U.S. West and South regions. Aurora, Colorado, had a 12-month average housing inventory of 332 available homes for sale from March 2021 to February 2022. One year later, that 12-month average had risen by 115.6%, to 716 available homes for sale for the 12-month period from March 2022 to February 2023. Out of all the cities analyzed, Aurora’s one-year growth in housing inventory was the greatest.
Below are the top 10 cities that have experienced the greatest increase in housing inventory in the course of the last year:
- Aurora, Colorado: 115.6%
- North Las Vegas, Nevada: 98.3%
- Gilbert, Arizona: 79.4%
- Mesa, Arizona: 76.6%
- Spokane, Washington: 76.5%
- Spring Valley, Nevada: 74%
- Port St. Lucie, Florida: 71%
- Chandler, Arizona: 66.8%
- Enterprise, Nevada: 66%
- Henderson, Nevada: 63.4%
It must be said that, in many cases, these housing markets saw their housing inventories rebound to levels that were more common in pre-pandemic years. For example, Aurora’s housing inventory for the 12-month period March 2018 to February 2019 averaged 795 available homes for sale — not far off from its current level of 716 homes. It’s a similar case for North Las Vegas: Its 12-month average housing inventory from March 2022 to February 2023 is 950 available homes for sale; that’s up by 98.3% from 479 available homes for the period March 2021 to February 2022, but its current housing inventory is comparable to the 12-month period March 2017 to February 2018, when housing inventory was 936 available homes for sale.
Source: forbes.com
