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Thursday, May 18, 2023 Reports Weekly Active Inventory Up 23% YoY; New Listings Down 25% YoY

by Calculated Risk on 5/18/2023 02:09:00 PM 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 May 13, 2023

Active inventory was up at a slower pace, with for-sale homes up just 23% above one year ago. The number of homes for sale continues to grow, but at a slower pace compared to one year ago.
New listings–a measure of sellers putting homes up for sale–were down again this week, by 25% from one year ago. The number of newly listed homes has been lower than the same time the previous year for the past 45 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 June 2022.

The recent trend suggests active inventory could be down YoY in June or July!