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

Here is their weekly report: Weekly Housing Trends: Latest Data as of Aug. 2

• Active inventory climbed 22.8% year over year

The number of homes active on the market climbed 22.8% year over year, slightly lower than the previous week for the seventh consecutive week. Nevertheless, last week was the 91st consecutive week of annual gains in inventory. There were roughly 1.1 million homes for sale last week, marking the 13th week in a row over the million-listing threshold and the highest inventory level since late 2019. Active inventory is growing significantly faster than new listings, an indication that more homes are sitting on the market for longer.

• New listings—a measure of sellers putting homes up for sale—rose 1.5% year over year

New listings rose just 1.5% last week compared with the same period last year. This marks another slowdown compared with the previous week, in which new listings grew by 5% year over year. Homeowners are less eager to get into the market as inventory continues to build and buyers keep to the sidelines.

• The median list price grew 0.8% year over year

The median list price grew slightly (0.8%) compared with the same week in 2024. The median list price per square foot—which adjusts for changes in home size—rose 0.4% year over year, continuing its nearly two-year growth streak. However, with price-per-square-foot growth slightly lagging overall price growth, it seems that the trend toward more small, affordable homes for sale is stabilizing.