US Inventory Growth Slows Stays Soft

National active inventory reached 1.14M by Mid-Q3 2026, ↑~4% yearly from 1.1M, showing supply kept growing, though far slower than the prior year's pace.
That yearly gain had cooled sharply from ~21% a year earlier, even after improving from a ~2% growth low point in Late-Q2.
By the end of Mid-Q3 2026, 18 states and DC were back above pre-pandemic 2019 active inventory levels, even as national supply stayed below.
National supply still trailed Mid-Q3 2019 by ↓~8%, with 1.14M active listings versus 1.24M, showing the US had not fully rebuilt inventory.
The post-boom softening burst has eased nationally, leaving a soft market and flat yearly prices, while higher yields and mortgage rates could test momentum.