by Calculated Risk August 8, 2024 1:32 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 August 3, 2024
• Available inventory increased, with the number of homes for sale up 35.9% from the previous year.
The number of homes for sale has increased year-over-year for the 39th consecutive week. Gaps from last year have generally widened, and July inventory hit a post-pandemic high, but last week’s 35.9% increase was slightly slower than the week before.
• New listings — a measure of sellers putting their homes on the market — rebounded this week, up 6.7% from a year ago.
After a trend-breaking drop last week, new listings increased again this week, marking the 16th weekly increase in the past 18 weeks.
Below is a graph of year-over-year inventory changes. Real Estate Agent.com.
Inventory has increased year-over-year for 39 consecutive weeks.
However, inventories remain at historically low levels.
New listing numbers remain below typical pre-pandemic levels.
