Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View—Data for Week Ending June 8, 2024
• Active inventory increased, with for-sale homes 36.0% above year-ago levels
For the 31st straight week, there were more homes listed for sale versus the prior year, giving homebuyers more options. This past week, the inventory of homes for sale grew by 36.0% compared with last year. This growth in inventory is primarily driven by housing markets in the South, which saw a 47.2% year-over-year increase in inventory in May.
• New listings—a measure of sellers putting homes up for sale—were up this week, by 8.0% from one year ago
Seller activity continued to climb annually last week, accelerating compared to the previous two weeks’ growth. With recent mortgage rates fluctuating around 7%, potential sellers are closely monitoring these changes and adjusting their listing decisions accordingly.
Here is a graph of the year-over-year change in inventory according to realtor.com.
Inventory was up year-over-year for the 31st consecutive week.