by Calculated Threat on 8/15/2024 04:30:00 PM
What this implies: On a weekly foundation, Realtor.com studies the year-over-year change in lively stock and new listings. On a month-to-month foundation, they report whole 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 knowledge on the present dwelling market. Right here is their weekly report: Weekly Housing Traits View—Information for Week Ending August 10, 2024
• Lively stock elevated, with for-sale houses 35.5% above year-ago ranges.
For the fortieth week in a row, the variety of for-sale houses grew in contrast with one 12 months in the past. Whereas the hole with final 12 months has typically been rising, 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 houses up for sale-dipped this week by 2.2% from one 12 months in the past.
Regardless of mortgage charges dropping to their lowest degree in over a 12 months, sellers continued to point out destructive 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 based on 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.
