By ~ calculated risk August 8, 2024 1:32:00 PM
What does this mean: Realtor.com reports the year-over-year change in active inventory and new listings on a weekly basis. It reports total inventory on a monthly basis. For June, Realtor.com Reported Inventories increased 36.6% year-over-year, but were still down 30.6% from April 2017-2019 levels.
realestate.com We have monthly and weekly data on the existing home market. Here is the weekly report. View Weekly Housing Trends—Data for the week ending August 3, 2024
• Active inventory increased, with homes for sale up 35.9% over last year.
For the 39th straight week, the number of homes for sale has increased compared to a year ago. The gap from last year has been widening across the board, helping inventory hit a post-pandemic high in July, but last week’s 35.9% increase was slightly lower than the rate seen the previous week.
• New listings — a measure of how many homes are on the market by sellers — rose 6.7% this week compared to a year ago.
After last week’s trend-breaking decline, new listings rose again this week, marking the 16th week of growth in the past 18 weeks.
Below is a graph of the yearly change in inventory. realestate.com.
Inventories have increased year-over-year for 39 consecutive weeks.
But inventories remain at historically low levels.
New listings remain below typical pre-pandemic levels.
