Realtor.com reports that weekly active inventory is up 58% year-on-year; New listings down 17% YoY

to Estimated risk per 22.12.2022 16:43:00

realtor.com has monthly and weekly data on the existing domestic market. Here is their weekly report released today by economist Chiayi Xu: Weekly Housing Trends Review – Week ending December 17, 2022. Note. They have data on list prices, new listings, and more, but the focus is on inventory.

Strong inventory growth remained stable, with homes for sale up 58% year-over-year.. This week, inventory growth continues to rise after the first pause in early December.

New listings – a measure of sellers listing homes for sale – are down again this week, down 17% from last year.

Active realtor listings on an annualized basisHere is a chart of stock changes on an annualized basis. realtor.com.

Notice the rapid year-on-year growth at the beginning of this year, from a 30% decline at the beginning of the year to a 29% year-on-year increase in early July.

The Realtor.com data then stuck at 26% to 30% year on year for 14 straight weeks. This was due to a slowdown in new listings despite sales plummeting.

Then the year-on-year change started to increase sharply again (stocks are now falling seasonally from week to week, but the comparison is year-on-year).