Here is their weekly report: Weekly Housing Trends: Latest Data as of Nov. 1
• Active inventory climbed 14.0% year over year
The number of homes active on the market climbed 14.0% year-over-year, marking the two full years (104 weeks) of annual gains in inventory. There were about 1.1 million homes for sale last week, marking the 27th week in a row over the million-listing threshold. Active inventory is growing significantly faster than new listings, an indication that more homes are sitting on the market for longer, and homeowners aren’t eager to sell.
• New listings—a measure of sellers putting homes up for sale—fell 3.2% year over year
New listings were down 3.2% last week compared with the same period a year ago, The decline marks a reversal after three weeks of consecutive growth, suggesting that seller momentum is starting to cool heading into November.
• The median listing price was flat year-over-year
The median list price dipped slightly compared to the same week one year ago. Adjusting for home size, price per square foot fell 0.7% year-over-year, dropping for the ninth consecutive week. Price per square foot grew steadily for almost two years, but the weak sales activity has finally caught up and shaken underlying home values despite stable prices.