by Calculated Risk on 7/20/2025 08:21:00 AM

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For June, Realtor.com reported inventory was up 28.9% YoY, but still down 12.9% compared to the 2017 to 2019 same month levels. 

Here is their weekly report: Weekly Housing Trends: Latest Data as of July 12

• Active inventory climbed 25.1% year over year

The number of homes active on the market climbed 25.1% year over year, slowing slightly from the previous week. This represents the 88th consecutive week of annual gains in inventory. There were more than 1 million homes for sale again last week, marking the 10th week in a row over the threshold and the highest inventory level since November 2019.

• New listings—a measure of sellers putting homes up for sale—rose 1.3% year over year

New listings rose again last week on an annual basis by just 1.3% compared with the same period last year.

• The median list price was up 0.2% year over year

The median list price climbed again this week, but is still down 0.3% year to date. The median list price per square foot—which adjusts for changes in home size—rose 0.5% year over year. With inventory on the rise and more than 1 in 5 sellers cutting prices, the market continues to soften and shift toward more buyer favorability.

With inventory climbing, and sales depressed, months-of-supply is at the highest level since 2016 putting downward pressure on house prices in an increasing number of areas.