➤ Key Highlights

• Inventory growth peaked above 30% but fell to 13.54% as new listings and sales patterns shifted.

• Housing inventory is now in its traditional seasonal decline for December.

• The latest inventory growth percentage is now down to 13.54%.

• More sellers who were going to be buyers appeared earlier in 2025, as purchase application data consistently showed positive year-over-year growth.

• New listings data returned to the low levels considered normal for the first time in many years.

• Mortgage rates didn’t break below 6.64% until the second half of 2025.

• New listings growth peaked in late May; some sellers stopped listing, and then mortgage demand and sales picked up.

Housing inventory growth has decreased significantly from earlier in the year, dropping from over 30% to 13.54%. Seasonal patterns and changes in new listings and sales activity are contributing to the current supply levels. Recent data reflect a return to more traditional new listing volumes and a typical December inventory decline.

The event highlights evolving supply-side patterns shaped by shifting listing activity and broader pipeline dynamics. Changes in the rate of new listings and inventory growth illustrate the complexity of housing supply and its responsiveness to underlying market forces. Supply signals are impacted by fluctuations in seller behavior, sales momentum, and mortgage environment, reflecting a multifaceted landscape for housing availability. Understanding these patterns is essential for evaluating the future direction and resilience of the construction pipeline.

⚠️ Why it matters now

For CRE360’s audience, tracking supply-side shifts helps contextualize broader market cycles and informs risk assessments across development, capital, and operations. Applying a supply-side lens clarifies how listing and inventory changes may influence construction planning and underwriting assumptions. Monitoring these dynamics is especially relevant for anticipating capacity, timing, and resource allocation decisions.Regional and Economic Potenti

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➤ TAKEAWAY

Future observations may focus on how sustained listing and inventory patterns affect housing supply into the new year. Market participants could see further adjustments in supply signals as seasonal effects fade and mortgage conditions evolve. Ongoing tracking of listing activity and inventory levels will be important for understanding the trajectory of the construction pipeline.