Reports Active Inventory UP 1.8% YoY; New Listings up 8.9% YoY has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending Nov 25, 2023

Active inventory increased slightly, with for-sale homes 1.8% above year ago levels.

Active listings exceeded last year’s levels again this week, growing by a slightly higher rate than previous week (+1.8% year-over-year vs +1.5%). However, active inventory has now fallen below its peak of 758,000 listings two weeks ago, to 741,000 this past week.

New listings–a measure of sellers putting homes up for sale–were up this week, by 8.9% from one year ago.

New listings registered lower than prior year levels from mid-2022 through roughly 5 weeks ago, as the mortgage rate lock-in effect froze homeowners with low-rate existing mortgages in place. More recently the trend has reversed as new listings during the week outpaced the same week in the previous year by 8.9%, the largest increase since summer 2021. With the number of homes for sale already limited, a pick up in new listings is a welcome change to recent inventory woes. However, the pace of new listings is still 16.9% below typical pre-pandemic levels.

Realtor YoY Active ListingsHere is a graph of the year-over-year change in inventory according to

Inventory was up year-over-year for the 2rd consecutive week following 20 consecutive weeks with a YoY decrease in inventory.  

Inventory is still historically very low.
New listings really collapsed a year ago, so the YoY comparison for new listings is easier now – and although new listings also remain about 17% below “typical pre-pandemic levels”, new listings are now up YoY.