by calculated risk December 19, 2024 04:45:00 PM
What this means: Each week, Realtor.com reports annual changes in active inventory and new listings. Report total inventory each month. November, Realtor.com reported Inventories increased 26.2% year-over-year, but were still down 21.5% compared to the same month levels in 2017-2019.
Realtor.com We have monthly and weekly data on the existing housing market. The weekly reports are as follows: View weekly housing trends – data for the week ending December 14, 2024
• Active inventory increased, with homes for sale increasing 23.4% from the previous year’s level.
For 58 consecutive weeks, the number of homes for sale has increased compared to the same period last year. But this week’s increase was the lowest since March 2024. With mortgage rates remaining close to 7%, a combination of lackluster listing activity and slowing buyer demand has slowed inventory growth. These increases will help lead to a more balanced housing market heading into 2025.
• New listings (the degree to which sellers have put their homes on the market) increased 7.9%.
The number of new listings over the past two weeks has increased by the most for a two-week period since April, reflecting a growing appetite for existing home sellers to sell their homes and, in many cases, to buy new homes. This late-season increase could result in a noticeable but modest increase in housing market activity for the remainder of the year.
This is a graph of annual inventory changes. realtor.com.
Inventories have increased year over year for 58 consecutive weeks.
The new listings are below typical pre-pandemic levels.
