Realtor.com Reports Weekly Active Inventory Up 28% Year-over-Year; New Listings Down 10%

by Calculated Risk on 9/22/2022 02:17:00 PM

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale and Jiayi Xu: Weekly Housing Trends View — Data Week Ending Sep 17, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory.

Active inventory continued to grow, and improved 28% above one year ago. . The number of homes for sale has grown as buyers and sellers navigate a rebalancing housing market with shifting advantages and challenges.

New listings–a measure of sellers putting up homes for sale–were down again, dropping 10% from one year ago.. This week marks the eleventh straight week of year-over-year declines in the number of new listings coming up for sale, and this week the data continues to maintain at double-digit territory.

Here is a graph of the year-over-year change in inventory according to realtor.com.

Note the rapid increase in the YoY change earlier this year, from down 30% at the beginning of the year, to up 29% YoY at the beginning of July.

However, the Realtor.com data has been stuck at up around 26% to 30% YoY for 12 weeks in a row. This is due to the slowdown in new listings, even as sales have fallen sharply.

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