Realtor.com Reports 29% Weekly Inventory Increase YOY

in Estimated risk per 21.07.2022 15:37:00

realtor.com has monthly and weekly data on the existing domestic market. Here is their weekly report, published yesterday by Chief Economist Daniel Hale: Housing Trends Weekly Review – Week ending July 16, 2022. Note. They have data on list prices, new listings, and more, but the focus is on inventory.

Active inventories continued to rise, up 29% year-over-year.. With fewer homeowners listing homes for sale this week and last week, the rapid recent growth in active inventory has stalled somewhat. Inventories were roughly equal to last year’s levels in early May, and the increase increased every week until early July. Since then, the market has stabilized, barely up 30% from last year’s levels. This is a welcome improvement for buyers, but the market is still lagging behind what was once normal.

Active realtor listings on an annualized basisHere is a chart of stock changes on an annualized basis. realtor.com.

Note the rapid increase in YOY change from 30% at the beginning of the year to 29% YOY growth at present.

However, Realtor.com data has been stuck at 29% year on year for 3 consecutive weeks. This may be noise or indicate a slowdown in inventory growth.