by Calculated Risk on 5/08/2025 01:39:00 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 May, Realtor.com reported inventory was up 30.6% YoY, but still down 16.3% compared to the 2017 to 2019 same month levels.
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 May 3, 2025
• Active inventory climbed 31.1% year-over-year
The number of homes actively for sale remains on a strong upward trajectory, now 31.1% higher than this time last year. This represents the 78th consecutive week of annual gains in inventory. There were more than 1 million homes for sale last week, crossing this threshold for the first time since December 2019.
• New listings—a measure of sellers putting homes up for sale—rebounded, rising 9.3% year-over-year
New listings picked up last week, rising 9.3% compared to a year ago. The momentum from earlier this spring is still going strong, pointing to a lively market heading into late spring and early summer. Last week boasted the highest number of new listings since mid-2022.
• The median list price was up 0.9% year-over-year
Home prices posted another slight gain this week, with the national median listing price rising 0.9% year-over-year.
Inventory was up year-over-year for the 78th consecutive week.
New listings were the highest since 2022.
Median list prices are up slightly year-over-year.
