First, happy 250 years of freedom and independence to this beautiful country of ours! 🇺🇸 I hope you've got a great weekend planned with family, friends, and celebration under the Old Glory.

Now onto some real estate news… for the past two years, we’ve seen a consistent trend: inventory kept flooding back into the market and buyers kept gaining ground. But that’s been slowly changing over the past several months.

Nationally, active inventory grew only 1.9% year over year between June 2025 and June 2026. A year ago, that same growth rate was 28.9%. The housing inventory flood has slowed to a trickle. That being said, national numbers rarely tell the whole story, and Utah is a great example of why.

Between June 2024 and June 2025, the country added roughly 242,500 homes for sale. Between June 2025 and June 2026, it added just over 20,000. That's a massive deceleration.

Some markets are even seeing inventory shrink. Florida, which has carried the weight of falling prices over the last two years of correction, just posted a 14% year over year drop in active listings. The pressure there is finally easing.

Meanwhile, states like Washington are still climbing, up 16% year over year, with builders like PulteGroup openly acknowledging they still have pricing adjustments to make in that region.

As of the end of June 2026, only 17 states have active inventory back above where it stood before the pandemic, in 2019. Utah is one of them.

That puts Utah in the same category as fast growing Sun Belt and Mountain West markets like Austin and Punta Gorda, places where supply caught up and then some after the pandemic boom cooled off. It's a different world than the Midwest and Northeast, where inventory is still tight and sellers hold more of the leverage.

You have more room to work with than buyers in tighter parts of the country. More homes for sale (listings) means more options, and more leverage at the table. That doesn't mean prices are falling in every zip code (nationally, home prices are essentially flat year over year), but it does mean you're not stuck choosing between two overpriced options in a bidding war.

The slowdown in nationwide inventory growth is good news. It means less new competition piling up each month compared to the last two years. But with Utah already back above 2019 supply levels, buyers here have options. A home priced off last year's market, or even last month's, is the kind of listing that sits and eventually expires. Pricing it right the first time matters more than ever.

The nationwide inventory boom leveling out, but Utah still offers buyers real choice. Whether that works in your favor depends on your neighborhood, price point, and timeline.

If you're weighing a move this summer, buying or selling, let's talk through what this shift means for your situation.

God bless America,

P.S. Curious what inventory looks like on your specific street? Reply with your address and I'll send you a free custom market analysis, no obligation.

P.P.S. Know someone who's been on the fence about buying or selling in Utah? Forward this their way. I'm always glad to have the conversation.