Realtor.com Reports Most Active “For Sale” Inventory since November 2019

by Calculated Risk on 7/25/2025 05:01:00 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 June, Realtor.com reported inventory was up 28.9% YoY, but still down 12.9% compared to the 2017 to 2019 same month levels.

Here is their weekly report: Weekly Housing Trends: Latest Data as of July 19

• Active inventory climbed 24.4% year over year

The number of homes active on the market climbed 24.4% year over year, slightly lower than last week. This represents the 89th consecutive week of annual gains in inventory. There were more than 1 million homes for sale again last week, marking the 11th week in a row over the threshold and the highest inventory level since November 2019.

• New listings—a measure of sellers putting homes up for sale—rose 7.2% year over year

New listings rose again last week on an annual basis by 7.2% compared with the same period last year. The June Housing Report showed that new listings declined month over month for the second consecutive month after peaking in April. This figure suggests that the trend could turn around soon.

• The median list price was up 0.8% year over year

The median list price climbed again this week, but is still down 0.2% year to date. The median list price per square foot—which adjusts for changes in home size—rose 0.5% year over year. With inventory on the rise and more than 1 in 5 sellers cutting prices, the market continues to soften and shift toward more buyer favorability.

With inventory climbing, and sales depressed, months-of-supply is at the highest level since 2016 putting downward pressure on house prices in an increasing number of areas.