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Sunday, May 07, 2023 Reports Weekly Active Inventory Up 35% YoY; New Listings Down 22% YoY

by Calculated Risk on 5/07/2023 09:32:00 AM has monthly and weekly data on the existing home market. Here is their weekly report from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Apr 29, 2023

Active inventory was up at a slower pace, with for-sale homes up just 35% above one year ago. The number of homes for sale continues to grow, but compared to one year ago, the pace is slowing.
New listings–a measure of sellers putting homes up for sale–were down again this week, by 22% from one year ago. The number of newly listed homes has been lower than the same time the previous year for the past 43 weeks.
Realtor YoY Active ListingsHere is a graph of the year-over-year change in inventory according to

Inventory is still up year-over-year - from record lows - however, the YoY increase has slowed sharply recently.  

This was the smallest YoY increase since October.

The recent trend suggests active inventory could be down YoY in Q3!