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Thursday, March 02, 2023 Reports Weekly Active Inventory Up 67% YoY; New Listings Down 16% YoY

by Calculated Risk on 3/02/2023 03:09:00 PM has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Feb 25, 2023

Active inventory growth continued to climb with for-sale homes up 67% above one year ago. Inventories of for-sale homes rose again, but climbed on par with last week’s pace, which was a slightly slower yearly pace than we saw late January and early February. With new listings continuing to slip, the growing number of homes for sale reflects still-low buyer interest amid high costs rather than an influx of sellers.
New listings–a measure of sellers putting homes up for sale–were again down, this week by 16% from one year ago. For 34 weeks now, fewer homeowners put their homes on the market for sale than at this time last year. The gap has hovered in double-digit territory this year, but is slightly smaller than we saw in the last quarter of 2022.
Realtor YoY Active ListingsHere is a graph of the year-over-year change in inventory according to

Inventory is still up sharply year-over-year; however, the increase has slowed recently.