by Calculated Risk on 3/17/2025 08:01:00 AM

Altos reports that active single-family inventory was up 2.1% week-over-week.

Inventory is now up 5.0% from the seasonal bottom nine weeks ago in January and us starting to increase seasonally.

The first graph shows the seasonal pattern for active single-family inventory since 2015.

Click on graph for larger image.

The red line is for 2025.  The black line is for 2019.  

Inventory was up 29.3% compared to the same week in 2024 (last week it was up 28.3%), and down 20.5% compared to the same week in 2019 (last week it was down 21.4%). 

The gap to more normal inventory levels has closed significantly!

This second inventory graph is courtesy of Altos Research.

As of March 14th, inventory was at 656 thousand (7-day average), compared to 642 thousand the prior week. 

Mike Simonsen discusses this data regularly on Youtube

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