by calculated risk 11/04/2024 08:11:00 AM
Altos reported active inventory of single-family homes was unchanged from the previous week.
The first chart shows the seasonal pattern of active single-family inventory since 2015.
Click on the graph to see a larger image.
The red line is 2024 and the black line is 2019.
Inventory increased by 29.8% compared to the same week in 2023 (up 30.8% last week) and decreased by 19.4% compared to the same week in 2019 (down 20.7% last week).
As of June 2023, inventories were down almost 54% compared to 2019. The gap with more normal stock levels is more than half closed.
This second inventory chart is courtesy of: Altos Research.
As of November 1st, inventory was 736,000 units (7-day average), compared to 736,000 units the previous week.
