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Friday, September 30, 2022 Reports Weekly Active Inventory Up 29% Year-over-year; New Listings Down 10%

by Calculated Risk on 9/30/2022 09:48:00 AM 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 24, 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 29% above one year ago. Financial conditions are changing the balance of sellers and buyers in the housing market with more homes for-sale compared to one year ago. Still, the market is still not back to pre-pandemic inventory levels.
New listings–a measure of sellers putting homes up for sale–were again down, dropping 10% from one year ago. This week marks the twelfth straight week of year over year declines in the number of new listings coming up for sale.
Realtor YoY Active ListingsHere is a graph of the year-over-year change in inventory according to

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 data has been stuck at up around 26% to 30% YoY for 13 weeks in a row.  This is due to the slowdown in new listings, even as sales have fallen sharply.