Realtor.com Experiences Lively Stock Up 35.5% YoY

Realtor.com has month-to-month and weekly knowledge on the prevailing house market. Right here is their weekly report: Weekly Housing Tendencies View—Knowledge for Week Ending August 10, 2024

• Lively stock elevated, with for-sale properties 35.5% above year-ago ranges.

For the fortieth week in a row, the variety of for-sale properties grew in contrast with one 12 months in the past. Whereas the hole with final 12 months has typically been growing, serving to propel stock to a post-pandemic excessive in July, this previous week the rise was 35.5%, barely extra modest than the speed noticed within the prior week..

• New listings–a measure of sellers placing properties up for sale-dipped this week by 2.2% from one 12 months in the past.

Regardless of mortgage charges dropping to their lowest degree in over a 12 months, sellers continued to point out unfavorable sentiment, resulting in a yearly decline in new listings for a second week in a row.

Here’s a graph of the year-over-year change in stock based on realtor.com. 

Stock was up year-over-year for the fortieth consecutive week.  

Nonetheless, stock remains to be traditionally low.

New listings stay under typical pre-pandemic ranges.