by Calculated Danger on 8/31/2023 12:32:00 PM
Realtor.com has month-to-month and weekly information on the prevailing residence market. Right here is their weekly report from Hannah Jones: Weekly Housing Trends View — Data Week Ending Aug 26, 2023
• Energetic stock declined, with for-sale houses lagging behind yr in the past ranges by 5.9%. This previous week marked the tenth consecutive decline within the variety of houses actively on the market in comparison with the prior yr, nonetheless the hole narrowed for the fourth week in a row.
• New listings–a measure of sellers placing houses up on the market–have been down once more this week, by 8.8% from one yr in the past. For 60 weeks, there have been fewer newly listed houses in comparison with the identical time one yr in the past. This hole has been shrinking, however reversed development this week. This week’s information exhibits a 3.1 share level widening in comparison with final week.
Here’s a graph of the year-over-year change in stock in accordance with realtor.com.
Stock was down 7.2% year-over-year – this was the tenth consecutive week with a YoY lower following 58 consecutive weeks with a YoY improve in stock.
Stock continues to be up from the file lows within the 2nd half of 2021 and early 2022, and it’s unlikely we are going to see new file lows by this measure this yr.