by Calculated Risk September 16, 2024 8:11 AM
Altos reports that active single-family home inventory increased 1.4% week over week. Inventory is now up 44.5% from the seasonal trough in February.
Click on the graph to enlarge the image.
This inventory graph is Altos Research.
As of September 13, inventory was at 714,000 units (7-day average), down from 704,000 units the previous week.
The second chart shows the seasonal pattern of active single-family home inventory since 2015.
The red line is 2024 and the black line is 2019.
Inventory increased 37.4% compared to the same week in 2023 (up 38.0% last week) and decreased 25.2% compared to the same week in 2019 (down 25.7% last week).
As of June 2023, inventory was down about 54% compared to 2019, so the gap with normal inventory levels is slowly closing.
