by Calculated Risk May 30, 2024 2:35 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 25, 2024
• Available inventory increased, with the number of homes for sale up 36.5% from the previous year.
For the 29th consecutive week, there were more homes for sale than last year, giving homebuyers more options. The inventory of homes for sale is up 36.5% compared to last year and the highest since July 2020. In the early days of the COVID-19 pandemic, housing inventory increased 43.0% year over year. This increase in inventory was primarily driven by the Southern housing market, where inventory increased 43.0% in April compared to a year ago.
• New listings — a measure of whether sellers are putting their homes on the market — rose 3.6% this week from a year ago.
Seller activity continued to increase year over year last week, but slowed compared to the previous week’s growth. New listings increased 3.6% year over year, slowing from the previous week’s 8.1% increase.
Below is a graph of year-over-year inventory changes. Real Estate Agent.com.
Inventory has increased year-over-year for 29 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.
