by Calculated Threat on 12/19/2024 04:45:00 PM
What this implies: On a weekly foundation, Realtor.com reviews the year-over-year change in lively stock and new listings. On a month-to-month foundation, they report complete stock. For November, Realtor.com reported stock was up 26.2% YoY, however nonetheless down 21.5% in comparison with the 2017 to 2019 identical month ranges.Â
Realtor.com has month-to-month and weekly knowledge on the present house market. Right here is their weekly report: Weekly Housing Developments View—Information for Week Ending Dec. 14, 2024
• Lively stock elevated, with for-sale houses 23.4% above year-ago ranges
For the 58th consecutive week, the variety of houses on the market has elevated in contrast with the identical time final 12 months. Nevertheless, this week’s development was the slowest since March 2024. Because the mortgage charges stay near 7%, the mixture of sluggish itemizing exercise and muted purchaser demand has led to a slowdown in stock development. This enhance ought to assist result in a extra balanced housing market heading into 2025.
• New listings—a measure of sellers placing houses up on the market—elevated 7.9%
The previous two weeks have introduced the best mixed two-week enhance in new listings since April, reflecting a rising need of present house sellers to promote their house and, in lots of circumstances, additionally purchase a brand new one. This late-season enhance might result in a noticeable however modest enhance in housing market exercise all through the rest of the 12 months.
Here’s a graph of the year-over-year change in stock based on realtor.com.Â
Stock was up year-over-year for the 58th consecutive week. Â
New listings stay under typical pre-pandemic ranges.
