by Calculated Risk on 3/20/2025 01:47:00 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 February, Realtor.com reported inventory was up 27.5% YoY, but still down 22.9% compared to the 2017 to 2019 same month levels. 

 Now - on a weekly basis - inventory is up 28.5% 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 March 15, 2025

• Active inventory increased, with for-sale homes 28.5% above year-ago levels

The number of homes for sale has now been higher than the previous year for 71 consecutive weeks. This continued rise in active inventory is in part due to less active buyers. With more choices available, buyers can afford to be more selective, putting pressure on sellers to price competitively.

• New listings—a measure of sellers putting homes up for sale—increased 10.4%

Newly listed inventory grew for the 10th consecutive week, signaling that sellers are gaining confidence in listing their homes despite persistently high mortgage rates. This week’s annual growth picked up compared with last week.

• The median list price was flat year over year

This marks the 42nd consecutive week that the national median home list price has either remained steady or declined compared with the same week last year. Importantly, the annual difference narrowed for the third consecutive week and prices measured flat year over year for the first time since last fall. Controlling for the size of the home, the median list price per square foot increased by 1.3% annually, suggesting there are more smaller homes on the market compared with last year. The share of homes with a price reduction increased by 0.8% this week, pointing to more seller adjustments in light of growing inventory and a slowing market pace.

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

Inventory was up year-over-year for the 71st consecutive week.  

New listings have increased recently but remain below typical pre-pandemic levels.

Median prices are mostly unchanged year-over-year.

Weekly Schedule