by Calculated Risk on 3/03/2025 08:11:00 AM

Altos reports that active single-family inventory was down 0.1% week-over-week.

Inventory is now up 2.4% from the seasonal bottom seven weeks ago in January and should start increasing seasonally in March.

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 28.3% compared to the same week in 2024 (last week it was up 28.7%), and down 21.8% compared to the same week in 2019 (last week it was down 21.9%). 

Back in June 2023, inventory was down almost 54% compared to 2019, so the gap to more normal inventory levels has closed significantly!

This second inventory graph is courtesy of Altos Research.

As of Feb 28th, inventory was at 639 thousand (7-day average), compared to 640 thousand the prior week. 

Mike Simonsen discusses this data regularly on Youtube

Weekly Schedule