by calculated risk May 30, 2024 02:35:00 PM
What this means: 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 30.4% year-over-year, but still down nearly 36% 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 May 25, 2024
• Active inventory increased, with homes for sale up 36.5% from the previous year’s level.
For the 29th week in a row, more homes were listed for sale compared to the previous year, giving homebuyers more options. Last week, Home listing inventory increased 36.5% compared to last year, reaching the highest level since July 2020. Early days of the COVID-19 pandemic. This inventory increase was primarily driven by the Southern housing market, with April inventory up 43.0% year-over-year.
• New listings (a measure of how many sellers are putting their homes on the market) were up 3.6% this week compared to a year ago.
Seller activity continued to increase year-over-year last week, but at a slower pace compared to last week’s growth. The growth rate of newly listed homes increased by 3.6% compared to a year ago, slowing from the previous week’s growth rate of 8.1%.
This is a graph of annual inventory changes. realtor.com.
Inventories have increased year-over-year for 29 consecutive weeks.
However, inventories are still historically very low.
New listings are up year-over-year, but below typical pre-pandemic levels.
