It’s been a verifiable roller coaster ride the last couple years when it comes to housing inventory, but are we finally out of the woods?

Housing inventory in the Houston housing market continued its downward slope in March, falling 17.4 percent year-over-year in March, according to the latest State of the Market report from Movoto.

Clearly, inventory has yet to bottom in Houston’s red-hot housing market, where inventory shortages and price increases have driven the market to new highs.

See our chart below for some perspective on how Houston compares with the rest of the nation: