by Calculated Risk on 9/19/2025 08:11:00 AM

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory, new listings and median prices. On a monthly basis, they report total inventory. For August, Realtor.com reported active inventory was up 20.9% YoY, but still down 14.3% compared to the 2017 to 2019 same month levels. 

Here is their weekly report: Weekly Housing Trends: Latest Data as of Sept. 13

• Active inventory climbed 17.6% year over year

The number of homes active on the market climbed 17.6% year over year, easing slightly compared to the previous week for the 13th consecutive week. Nevertheless, last week was the 97th consecutive week of annual gains in inventory. There were roughly 1.1 million homes for sale last week, marking the 20th week in a row over the million-listing threshold. Active inventory is growing significantly faster than new listings, an indication that more homes are sitting on the market for longer.

• New listings—a measure of sellers putting homes up for sale—rose 2.1% year over year

New listings rose 2.1% last week compared with the same period last year. This is an increase from the previous week, though the number of new listings remains below the spring and early summer norm. Homeowners are less eager to get into the market as inventory continues to build and buyers keep to the sidelines.

• The median listing price was flat year over year

The median list price was flat compared to the same week one year ago. Adjusting for home size, we also see price per square foot fall year over year for the second consecutive week. Price per square foot had been growing steadily for almost two years, but the weak sales activity has finally caught up and stalled out this metric, suggesting underlying home values are starting to soften.