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Thursday, December 22, 2022 Reports Weekly Active Inventory Up 58% YoY; New Listings Down 17% YoY

by Calculated Risk on 12/22/2022 04:43:00 PM has monthly and weekly data on the existing home market. Here is their weekly report released today from Economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending Dec 17, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory.

Active inventory growth held steady with for-sale homes up 58% above one year ago. Inventory growth continues to climb higher this week after its first pause in early December.
New listings–a measure of sellers putting homes up for sale–were again down, this week by 17% from one year ago
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.

Then the data was stuck at up around 26% to 30% YoY for 14 weeks in a row.  This was due to the slowdown in new listings, even as sales had fallen sharply.

Then the YoY change started increasing sharply again (inventory is falling seasonally week-to-week now, but the comparison is YoY).