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Thursday, April 18, 2024 Reports Active Inventory UP 29.1% YoY; New Listings Up 7.2% YoY

by Calculated Risk on 4/18/2024 02:01:00 PM

What this means: On a weekly basis, reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For March, reported inventory was up 23.5% YoY, but still down almost 38% compared to March 2017 to 2019 levels. 

 Now - on a weekly basis - inventory is up 29.1% YoY. has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View—Data Week Ending April 13, 2024
Active inventory increased, with for-sale homes 29.1% above year-ago levels.

For the 23rd week in a row, there were more homes listed for sale compared with the previous year, giving homebuyers a wider selection to choose from. However, this week’s increase was not as high as the 30.4% growth seen last week, possibly suggesting a slowdown in inventory growth. This could be due to the continued impact of high mortgage rates, which might be discouraging some sellers from listing their homes.

New listings–a measure of sellers putting homes up for sale–were up this week, by 7.2% from one year ago.

Following some ups and downs around Easter, sellers kept putting homes on the market at a faster rate compared with last year, with a 7.2% increase in newly listed homes. However, this growth rate is slower than what we’ve seen since early February.
Realtor YoY Active ListingsHere is a graph of the year-over-year change in inventory according to

Inventory was up year-over-year for the 23rd consecutive week following 20 consecutive weeks with a YoY decrease in inventory.  

Inventory is still historically very low.

New listings remain below typical pre-pandemic levels although increasing.