by Calculated Threat on 10/31/2024 04:41:00 PM
What this implies: On a weekly foundation, Realtor.com stories the year-over-year change in lively stock and new listings. On a month-to-month foundation, they report complete stock. For September, Realtor.com reported stock was up 34.0% YoY, however nonetheless down 23.2% in comparison with the 2017 to 2019 identical month ranges.
Realtor.com has month-to-month and weekly knowledge on the present residence market. Right here is their weekly report: Weekly Housing Tendencies View—Knowledge for Week Ending Oct. 26, 2024
• Energetic stock elevated, with for-sale properties 27.6% above year-ago ranges.
For the 51st consecutive weeks relationship again to November 2023, the variety of listings on the market has grown year-over-year. This week’s progress was decrease than final week’s, the fifth week of slowing progress, and the bottom annual change since April. A lot of the stock construct up is because of extra vendor exercise than purchaser exercise. Nonetheless, if mortgage charges preserve rising within the quick time period, we may see a decline in each vendor and purchaser exercise.
• New listings–a measure of sellers placing properties up for sale-increased 0.7% this week in comparison with one 12 months in the past.
The variety of new listings available on the market was decrease than the identical week final 12 months. The current upward trajectory of mortgage charges may largely discourage sellers from itemizing their properties …
Here’s a graph of the year-over-year change in stock in response to realtor.com.
Stock was up year-over-year for the 51st consecutive week.
Nonetheless, stock remains to be traditionally low.
New listings stay under typical pre-pandemic ranges.
