by Calculated Danger on 8/15/2024 04:30:00 PM
What this implies: On a weekly foundation, Realtor.com stories the year-over-year change in energetic stock and new listings. On a month-to-month foundation, they report complete stock. For July, Realtor.com reported stock was up 36.6% YoY, however nonetheless down 30.6% in comparison with April 2017 to 2019 ranges.
Realtor.com has month-to-month and weekly information on the present residence market. Right here is their weekly report: Weekly Housing Traits View—Knowledge for Week Ending August 10, 2024
• Lively stock elevated, with for-sale properties 35.5% above year-ago ranges.
For the fortieth week in a row, the variety of for-sale properties grew in contrast with one yr in the past. Whereas the hole with final yr has typically been growing, serving to propel stock to a post-pandemic excessive in July, this previous week the rise was 35.5%, barely extra modest than the speed noticed within the prior week..
• New listings–a measure of sellers placing properties up for sale-dipped this week by 2.2% from one yr in the past.
Regardless of mortgage charges dropping to their lowest stage in over a yr, sellers continued to indicate damaging sentiment, resulting in a yearly decline in new listings for a second week in a row.
Here’s a graph of the year-over-year change in stock in line with realtor.com.
Stock was up year-over-year for the fortieth consecutive week.
Nonetheless, stock remains to be traditionally low.
New listings stay under typical pre-pandemic ranges.
