Realtor.com Studies Lively Stock Up 35.5% YoY; Most Properties For Sale Since July 2020

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 Might 18, 2024

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

For the twenty eighth straight week, there have been extra properties listed on the market versus the prior yr, giving homebuyers extra choices.

This previous week, the stock of properties on the market grew by 35.5% in contrast with final yr, and it was the highest since July 2020 within the early days of the COVID-19 Pandemic. This development in stock is primarily pushed by housing markets within the South, which noticed a 43.0% year-over-year enhance in stock in April.

• New listings–a measure of sellers placing properties up on the market–had been up this week, by 8.1% from one yr in the past.

Vendor exercise continued to climb yearly final week and accelerated relative to the earlier week’s development. Newly listed properties grew by 8.1% in contrast with a yr in the past, an acceleration from the 6.6% development fee within the earlier week.

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

Stock was up year-over-year for the twenty eighth consecutive week.  

Nevertheless, stock remains to be traditionally very low.

New listings stay beneath typical pre-pandemic ranges though up year-over-year.