by Calculated Risk on 8/08/2024 01:32:00 PM

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For June, Realtor.com reported inventory was up 36.6% YoY, but still down 30.6% compared to April 2017 to 2019 levels. 

 Now - on a weekly basis - inventory is up 35.9% YoY.

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View—Data for Week Ending August 3, 2024

• Active inventory increased, with for-sale homes 35.9% above year-ago levels.

For the 39th week in a row, the number of for-sale homes grew compared with one year ago. While the gap with last year has generally been increasing, helping propel inventory to a post-pandemic high in July, this past week the rise was 35.9%, slightly more modest than the rate observed in the prior week.

• New listings–a measure of sellers putting homes up for sale–were back up this week by 6.7% from one year ago.

After last week’s trend breaking decline, new listings were back up this week, marking a 16th week of growth in the last 18 weeks.

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

Inventory was up year-over-year for the 39th consecutive week.  

However, inventory is still historically low.

New listings remain below typical pre-pandemic levels.