by Calculated Threat on 10/24/2024 05:23:00 PM
What this implies: On a weekly foundation, Realtor.com studies the year-over-year change in energetic stock and new listings. On a month-to-month foundation, they report complete stock. For September, Realtor.com reported stock was up 34.0% YoY, however nonetheless down 23.2% in comparison with the 2017 to 2019 identical month 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 Oct. 19, 2024
• Energetic stock elevated, with for-sale houses 28.7% above year-ago ranges.
For the fiftieth consecutive week relationship again to November 2023, the variety of listings on the market has grown year-over-year. This week’s progress was decrease than final week’s, the fifth week of slowing progress, and the bottom annual change since April. A lot of the stock construct up is because of extra vendor exercise than purchaser exercise, however the variety of energetic listings has stabilized over the previous few weeks, suggesting purchaser exercise may very well be beginning to sustain.
• New listings–a measure of sellers placing houses up for sale-increased 4.7% this week in comparison with one yr in the past.
The variety of new listings has bounced again from final week’s dip, which is partly influenced by Hurricane Milton, and has returned to its upward pattern. Nonetheless, current fluctuations in mortgage charges could discourage sellers from itemizing their houses.
Here’s a graph of the year-over-year change in stock in response to realtor.com.
Stock was up year-over-year for the fiftieth consecutive week.
Nonetheless, stock continues to be traditionally low.
New listings stay beneath typical pre-pandemic ranges.