by calculated risk June 13, 2024 05:55:00 PM
What does this mean: Each week, Realtor.com reports annual changes in active inventory and new listings. Report total inventory each month. Realtor.com in April reported Inventories are up 35.2% year-over-year, but still down nearly 34% compared to 2019 levels from April 2017.
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 June 8, 2024
• Homes for sale increased 36.0% year-over-year, boosting active inventory.
For the 31st week in a row, more homes were listed for sale compared to the previous year, giving homebuyers more options. Last week’s home sales volume increased 36.0% compared to the same period last year. This inventory increase was primarily driven by the Southern housing market, with May inventory up 47.2% year-over-year.
• New listings (an indicator of how many sellers are putting their homes on the market) this week were up 8.0% from a year ago.
Seller activity continued to increase year-over-year last week, accelerating compared to growth over the previous two weeks. With mortgage rates fluctuating around 7% recently, prospective sellers are closely monitoring these changes and adjusting their listing decisions accordingly.
This is a graph of annual inventory changes. realtor.com.
Inventories have increased year-over-year for 31 consecutive weeks.
However, inventories are still at historically low levels.
New listings are up year-over-year, but below typical pre-pandemic levels.
