In the national housing market, states with the most active listings show wide differences in how quickly homes sell. HW Data shows California moving inventory the fastest, while Florida and Texas take longer despite carrying larger supply.
California sets the pace
California carries 57,065 active listings and a 63-day median time on market. Months’ supply is 2.1 and the Altos Market Action Index, a measure of supply versus demand where values above 30 signal a seller’s market, is 38.9. The median list price is $775,000.
Florida’s large supply moves slower
Florida shows 97,273 active listings with a 91-day median time on market. Months’ supply is 3.1 and the Market Action Index is 31.6. The median list price is $484,900. The size of the inventory doesn’t yet translate to faster turnover.
Texas update
Texas holds 137,755 active listings and a median 84 days on market. Months’ supply is 3.4 and the Market Action Index is 30.4. The median list price is $379,000. Texas remains slower than California despite far more supply.
Mid-Atlantic and Southeast comparisons
Georgia lists 39,416 homes with a 70-day median time on market, 2.9 months’ supply and a 33.6 Market Action Index. North Carolina has 36,967 listings, 70 days on market, 2.9 months’ supply and a 32.8 Market Action Index. Both show steadier velocity than Florida and Texas.
What it means for real estate professionals
For real estate agents, the gap in time on market underscores the importance of pricing and positioning. In faster markets like California, buyers may need quicker decisions, while sellers can expect steadier interest. In slower states, set expectations for longer timelines and emphasize pricing discipline and presentation.
For mortgage officers, faster markets tend to drive more preapprovals and time-sensitive closings. Slower markets can lengthen pipelines as borrowers take more time to commit.
Takeaway
Inventory size alone doesn’t determine market velocity. California combines large supply with faster turnover, while Florida and Texas carry heavier inventory with slower sales. For sellers, realistic pricing and market expectations are critical across all markets. For full market information and the Market Action Index in your area, visit housingwire.com.
English