by Calculated Risk on 3/27/2025 05:50:00 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.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 March 22, 2025
• Active inventory climbed 29.2% from a year ago
The number of homes actively for sale remains significantly higher than last year, continuing a 72-week streak of annual gains. This year-over-year inventory growth gives buyers more choices and encourages more competitive pricing among sellers. However, the inventory level is still below pre-pandemic norms, and supply constraints in many markets continue to limit buyer flexibility.
• New listings—a measure of sellers putting homes up for sale—increased 8.2%
New listings were up 8.2% compared with this time last year, marking the 11th straight week of annual growth.
• The median list price was unchanged year-over-year
The national median list price was unchanged from a year ago, continuing a 43-week streak where prices have either remained flat or declined compared with the same time last year. Rather than signaling a turnaround, this stability suggests that prices are holding steady as the market adjusts to higher borrowing costs and a growing number of listings.
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 72nd consecutive week. Â
New listings have increased recently but remain below typical pre-pandemic levels.
Median prices are mostly unchanged year-over-year.
