by Calculated Risk on 4/27/2023 02:52:00 PM

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Apr 22, 2023

• Active inventory was up at a slower pace, with for-sale homes up just 39% above one year ago. The number of homes for sale continues to climb, but hesitant seller participation is limiting the pace of growth. As a result, a greater share of current for-sale inventory is new construction.
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• New listings–a measure of sellers putting homes up for sale–were down again this week, by 21% from one year ago. The number of newly listed homes has been lower than the same time the previous year for the past 42 weeks.

Here is a graph of the year-over-year change in inventory according to realtor.com. 

Inventory is still up year-over-year - from record lows - however, the YoY increase has slowed sharply recently.  

This was the smallest YoY increase since October.

The recent trend suggests active inventory could be down YoY in Q3!