Inventory up 0.6% Week-over-week; Down 10% from 2019 Levels

by Calculated Risk on 8/04/2025 08:11:00 AM

Altos reports that active single-family inventory was up 0.6% week-over-week.

Inventory is now up 38.6% from the seasonal bottom in January. Usually, inventory is up about 22% from the seasonal low by this week in the year. So, 2025 is seeing a larger than normal increase in inventory.

The first graph shows the seasonal pattern for active single-family inventory since 2015.

Click on graph for larger image.

The red line is for 2025. The black line is for 2019.

Inventory was up 26.6% compared to the same week in 2024 (last week it was up 27.0%), and down 10.0% compared to the same week in 2019 (last week it was down 10.3%).

It now appears inventory will be close to 2019 levels towards the end of 2025.