Metros with the most housing inventory
Hannamariah // Shutterstock
Metros with the most housing inventory
Housing has been in short supply for much of the last decade in the U.S. — though with interest rates rising and demand from buyers cooling quickly, that could change.
Stacker compiled a list of the U.S. metro areas with the greatest inventory of active listings, using Redfin’s data and months of supply metric. Only metro areas where at least 300 homes sold in October 2022 were included. Metros include suburbs and other municipalities in the area.
Months of supply is total inventory divided by home sales in October 2022. All data is for October 2022. Months of supply was used rather than total inventory because it adjusts for population. The cities with the most total inventory are often the biggest cities, so it’s necessary to compare that number to total sales to get a sense of how many houses are available.
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Christopher & Amy Esposito // Wikicommons
#25. Chicago
– Months of supply: 3.5
– Homes sold: 6,524
– Median sale price: $300,000
skeeze // Pixabay
#24. Houston
– Months of supply: 3.5
– Homes sold: 6,710
– Median sale price: $330,000
Zereshk // Wikimedia
#23. Tucson, Arizona
– Months of supply: 3.6
– Homes sold: 1,005
– Median sale price: $346,000
Daniel Orth // Flickr
#22. Riverside, California
– Months of supply: 3.6
– Homes sold: 3,495
– Median sale price: $535,000
Scott Catron // Wikimedia Commons
#21. Ogden, Utah
– Months of supply: 3.7
– Homes sold: 568
– Median sale price: $450,000
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Ebyabe // Wikicommons
#20. Crestview, Florida
– Months of supply: 3.7
– Homes sold: 732
– Median sale price: $437,000
Sanibel Sun // WikiCommons
#19. Cape Coral, Florida
– Months of supply: 3.7
– Homes sold: 1,100
– Median sale price: $390,000
ESB Professional // Shutterstock
#18. Pittsburgh
– Months of supply: 3.7
– Homes sold: 1,997
– Median sale price: $215,000
KeanoManu // Wikimedia Commons
#17. Fort Lauderdale, Florida
– Months of supply: 3.8
– Homes sold: 2,351
– Median sale price: $390,000
Pedro Szekely // flickr
#16. New Orleans, Louisiana
– Months of supply: 3.9
– Homes sold: 1,021
– Median sale price: $277,683
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f11photo // Shutterstock
#15. Philadelphia
– Months of supply: 3.9
– Homes sold: 1,700
– Median sale price: $260,000
Lómelinde // Wikicommons
#14. Reno, Nevada
– Months of supply: 4
– Homes sold: 453
– Median sale price: $525,000
Pixabay
#13. San Antonio, Texas
– Months of supply: 4
– Homes sold: 2,242
– Median sale price: $325,000
Dough4872 // Wikicommons
#12. Atlantic City, New Jersey
– Months of supply: 4.1
– Homes sold: 348
– Median sale price: $275,000
DANIEL SLIM/AFP // Getty Images
#11. Myrtle Beach, South Carolina
– Months of supply: 4.1
– Homes sold: 1,593
– Median sale price: $340,790
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Ben P L // Wikimedia Commons
#10. Provo, Utah
– Months of supply: 4.2
– Homes sold: 486
– Median sale price: $506,714
Felix Mizioznikov // Shutterstock
#9. Port St. Lucie, Florida
– Months of supply: 4.2
– Homes sold: 758
– Median sale price: $380,000
randy andy // Shutterstock
#8. West Palm Beach, Florida
– Months of supply: 4.3
– Homes sold: 2,035
– Median sale price: $428,000
Distrito Medico Monterrey // Flickr
#7. Phoenix
– Months of supply: 4.3
– Homes sold: 4,921
– Median sale price: $450,000
Kolossos // Wikimedia Commons
#6. Panama City, Florida
– Months of supply: 4.5
– Homes sold: 442
– Median sale price: $365,000
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King of Hearts // Wikimedia
#5. Austin, Texas
– Months of supply: 4.8
– Homes sold: 2,195
– Median sale price: $475,000
Skyguy414 // Wikicommons
#4. Las Vegas
– Months of supply: 4.9
– Homes sold: 2,271
– Median sale price: $410,000
Edmund Garman // Flickr
#3. McAllen, Texas
– Months of supply: 5.1
– Homes sold: 311
– Median sale price: $225,000
Jodybwiki // Wikimedia Commons
#2. Miami
– Months of supply: 5.1
– Homes sold: 2,204
– Median sale price: $475,500
BDS2006 // Wikimedia
#1. New York, New York
– Months of supply: 5.1
– Homes sold: 5,253
– Median sale price: $661,000
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