by Calculated Danger on 11/21/2024 05:25:00 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 September, Realtor.com reported stock was up 29.2% YoY, however nonetheless down 21.1% in comparison with the 2017 to 2019 similar month ranges.
Realtor.com has month-to-month and weekly knowledge on the prevailing dwelling market. Right here is their weekly report: Weekly Housing Tendencies View—Information for Week Ending Nov. 16, 2024
• Energetic stock elevated, with for-sale properties 25.9% above year-ago ranges
For the 54th consecutive week, the variety of properties on the market has elevated in contrast with the identical time final yr. Nevertheless, this week’s development was smaller than final week’s, marking the eighth consecutive week of deceleration and the smallest annual enhance since late March.
• New listings—a measure of sellers placing properties up on the market—climbed 3.5% this week in contrast with one yr in the past
The variety of newly listed properties noticed a slight uptick in contrast with the identical week final yr, providing a glimmer of hope for patrons in search of contemporary stock. Nevertheless, the latest climb in mortgage charges would possibly deter many potential sellers from getting into the market, notably these locked into decrease charges who’re hesitant to commerce as much as increased borrowing prices.
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 54th consecutive week.
Nevertheless, stock remains to be traditionally low.
New listings stay under typical pre-pandemic ranges.
