by Calculated Risk on 2/20/2025 03:25:00 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 January, Realtor.com reported inventory was up 24.6% YoY, but still down 24.8% compared to the 2017 to 2019 same month levels.Â
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 Feb. 15, 2025
• Active inventory increased, with for-sale homes 27.6% above year-ago levels
For the 67th consecutive week, the number of homes for sale has increased compared with the same time last year. This week also marked the sixth straight week where the growth rate has increased, fueled by the entrance of many new listings on the market.
• New listings—a measure of sellers putting homes up for sale—increased 5%
Newly listed inventory increased year over year for the sixth week in a row, as sellers go online for the spring buying season. Despite mortgage rates remaining stubbornly high and many prospective sellers feeling the lock-in effect due to their lower previous rates, new homes are hitting the market at a faster pace than in 2024 at this time.
Here is a graph of the year-over-year change in inventory according to realtor.com.Â
Inventory was up year-over-year for the 67th consecutive week. Â
New listings have jumped recently but remain below typical pre-pandemic levels.
