by Calculated Threat on 4/28/2024 12:39:00 PM
What this implies: On a weekly foundation, Realtor.com studies the year-over-year change in lively stock and new listings. On a month-to-month foundation, they report complete stock. For March, Realtor.com reported stock was up 23.5% YoY, however nonetheless down virtually 38% in comparison with March 2017 to 2019 ranges.
Realtor.com has month-to-month and weekly knowledge on the prevailing residence market. Right here is their weekly report: Weekly Housing Traits View—Information Week Ending April 20, 2024
• Lively stock elevated, with for-sale properties 31.7% above year-ago ranges.
For the twenty fourth straight week, there have been extra properties listed on the market versus the prior yr, giving homebuyers extra choices. As mortgage charges have climbed to new 2024 highs, we might see sellers alter their plans, since practically three-quarters of potential sellers additionally play to purchase a house. Nonetheless, the lengthy build-up to itemizing–80% have been fascinated with promoting for 1 to three years–might imply that this yr’s sellers are less-deterred by market fluctuations.
• New listings–a measure of sellers placing properties up on the market–have been up this week, by 13.5% from one yr in the past.
Since February, the variety of properties newly listed on the market has surpassed yr in the past tempo by double-digit except for a number of weeks round this yr’s spring holidays. As reported within the Realtor.com March housing report, newly listed properties trailed behind each prior yr besides 2023’s document low.
Here’s a graph of the year-over-year change in stock in line with realtor.com.
Stock was up year-over-year for the twenty fourth consecutive week.
Nonetheless, stock continues to be traditionally very low.
New listings stay under typical pre-pandemic ranges though rising.
