by Calculated Risk May 23, 2024 4:15 PM
What this means: Realtor.com reports the year-over-year change in available inventory and new listings weekly. Monthly, it reports total inventory. For April, Realtor.com reported: report Inventory increased 30.4% year over year, but is still down about 36% compared to April 2017 to April 2019 levels.
Real Estate Agent.com There are monthly and weekly data on the existing housing market. Below is the weekly report. Weekly Housing Trends View – Data for the week ending May 18, 2024
• The inventory of homes for sale increased 35.5% from a year ago, resulting in an increase in inventory.
For the 28th consecutive week, there were more homes for sale than last year, giving homebuyers more options.
As of last week, the inventory of homes for sale was up 35.5% compared to last year, The highest since July 2020, early in the COVID-19 pandemicThis inventory increase was primarily driven by the southern housing market, where April inventory increased 43.0% year over year.
• New listings this week – a measure of whether sellers are putting their homes on the market – rose 8.1% from a year ago.
Seller activity continued to increase year-over-year last week, accelerating compared to the previous week’s growth rate: New home listings increased 8.1% year-over-year, accelerating from the previous week’s growth rate of 6.6%.
Below is a graph of year-over-year inventory changes. Real Estate Agent.com.
Inventory has increased year-over-year for 28 consecutive weeks.
However, inventory remains very low by historical standards.
While new listings are up year-over-year, they remain below typical pre-pandemic levels.
