by Calculated Risk July 25, 2024 2:07 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 June, Realtor.com reported: report Inventory increased 36.7% year-over-year but is still down 32.4% 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 July 20, 2024
• Available inventory increased, with the number of homes for sale up 36.9% from the previous year.
For the 37th consecutive week, the number of homes for sale has increased compared to a year ago. Last week, inventory of homes for sale increased 36.9% compared to last year, slightly exceeding the previous week’s growth rate. Despite nearly eight months of building inventory, buyers are seeing more than 30% fewer homes for sale than before the pandemic.
• New listings — a measure of sellers putting their homes on the market — rose 6.4% this week from a year ago.
This week marks 15 of the past 16 weeks in which new listings have increased, on par with June’s 6.3% annual rate but about half the rate of two months ago. Overall, the number of new homes for sale remains historically low and, despite recent improvements, remains below 2017-2022 levels.
Below is a graph of year-over-year inventory changes. Real Estate Agent.com.
Inventory has increased year-over-year for 37 consecutive weeks.
However, inventories remain at historically low levels.
New listing numbers remain below typical pre-pandemic levels.
