by Calculated Risk on 3/10/2025 08:11:00 AM

Altos reports that active single-family inventory was up 0.5% week-over-week.

Inventory is now up 2.9% from the seasonal bottom eight weeks ago in January and should start increasing significantly in the Spring.

The first graph shows the seasonal pattern for active single-family inventory since 2015.

Click on graph for larger image.

The red line is for 2025.  The black line is for 2019.  

Inventory was up 28.3% compared to the same week in 2024 (last week it was up 28.3%), and down 21.4% compared to the same week in 2019 (last week it was down 21.8%). 

The gap to more normal inventory levels has closed significantly!

This second inventory graph is courtesy of Altos Research.

As of March 7th, inventory was at 642 thousand (7-day average), compared to 639 thousand the prior week. 

Mike Simonsen discusses this data regularly on Youtube