Sun Belt holds housing edge even as pandemic boomtowns wane
By: Jonathan Delozier | Published: 2025-05-30 19:59:00 | Source: www.housingwire.com
Nationally, the number of resale homes on the market in April climbed 21% compared to a year ago. The increase varies by region — up 53% in the Southwest but just 16% in the Midwest.
The report points to pre-pandemic inventory as a clearer measure of pressure:
- North Florida: Currently has 38% more resale homes than in April 2019
- Texas: 37% more homes
- Southwest: 23% more homes
These regions are also where prices are softening.
In Austin, there are 91% more homes for sale than in 2019, and prices have dropped 2% year over year. By contrast, Orange County, California, has 41% fewer homes for sale than in 2019 — with home prices there rising 5%.
Builders are feeling the squeeze too.
In oversupplied areas like Texas and Florida, new-home inventories are…
