by Calculated Risk August 2, 2024 2:33 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 36.6% year over year, but is still 30.6% down 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 27, 2024
• Available inventory increased, with the number of homes for sale up 37.1% from the previous year.
This is the 38th consecutive week that the number of homes for sale has increased compared to a year ago. Last week, the inventory of homes for sale increased 37.1% compared to last year, slightly higher than the previous week’s growth rate.
• New listings — a measure of sellers putting their homes on the market — rose 6.4% this week from a year ago.
This week’s decline in new listings bucks a recent trend of increased new listings, which have recorded year-over-year gains in 15 of the past 17 weeks. On a monthly basis, new listings rose 6.3% annually in June, and this week’s data appears to indicate a slowdown in the inventory of homes coming onto the market.
Below is a graph of year-over-year inventory changes. Real Estate Agent.com.
Inventory has increased year-over-year for 38 consecutive weeks.
However, inventories remain at historically low levels.
New listing numbers remain below typical pre-pandemic levels.
