California’s housing supply has bounced back sharply compared to just a few years ago. I put together a short video that looks at how California stacks up against the U.S. overall since 2016.

Highlights from the data:

· Both California and the U.S. hit their lowest point in early 2022, when competition was toughest for buyers

· Since then, the U.S. is up more than 200 percent, while California has climbed about 244 percent

· Even compared to last summer, supply is higher: the U.S. is up 25 percent and California is up 36 percent

· On an indexed scale, California sits at 139 versus the U.S. at 121, showing how much stronger the rebound has been locally

For buyers, this means more homes to choose from and less of the extreme competition we saw back in 2022.

You can watch the full breakdown below.

https://www.youtube.com/shorts/9VUOLPtXOSY

In 2022, inventory was at rock bottom and buyers were facing intense competition with multiple offers, bidding wars, and homes disappearing in just a couple of days.

I put together a short video walking through how things have shifted since then. The data shows:

• The pre-pandemic range from 2017 to 2019, when inventory was more balanced
• The February 2022 low point at about 346,000 homes for sale
• Where we stand today, with just over 1.1 million homes on the market, which is more than three times higher than the 2022 bottom and about 25 percent higher than last summer

This trend is moving us back toward pre-pandemic levels, which means more options and more negotiating room for today’s buyers.

You can watch the full breakdown below.

https://www.youtube.com/shorts/pGxVcOPkJ1s

• This discussion was modified 6 months, 1 week ago by  Chad Bush.
• This discussion was modified 6 months, 1 week ago by  Sapna Sharma.