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by Calculated Risk on 12/30/2022 03:06:00 PM
Realtor.com has monthly and weekly data on the existing home market.
For the week ending December 24th, active inventory was up 63.1% year-over-year (YoY), up from 58.1% YoY last week.
New listings were down 5.7% YoY, the smallest YoY decrease since July. This small YoY decrease in new listings might be related to the holidays.
Here is a graph of the year-over-year change in inventory according to realtor.com.
Last year, inventory was at record lows during the Winter. So, it is no surprise that YoY inventory measures are still increasing.
The key will be what happens during the busy new listing season (usually March through July).
Note: inventory is falling seasonally week-to-week now, but the comparison is YoY.
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