by Calculated Risk on 3/24/2025 08:11:00 AM

Altos reports that active single-family inventory was up 1.9% week-over-week.

Inventory is now up 7.0% from the seasonal bottom in January and is increasing 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 30.3% compared to the same week in 2024 (last week it was up 29.3%), and down 19.5% compared to the same week in 2019 (last week it was down 20.5%). 

The gap to more normal inventory levels has closed significantly!

This second inventory graph is courtesy of Altos Research.

As of March 21st, inventory was at 668 thousand (7-day average), compared to 656 thousand the prior week. 

Mike Simonsen discusses this data regularly on Youtube

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