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 August 3, 2024
• Active inventory increased, with for-sale homes 35.9% above year-ago levels.
For the 39th week in a row, the number of for-sale homes grew compared with one year ago. While the gap with last year has generally been increasing, helping propel inventory to a post-pandemic high in July, this past week the rise was 35.9%, slightly more modest than the rate observed in the prior week.
• New listings–a measure of sellers putting homes up for sale–were back up this week by 6.7% from one year ago.
After last week’s trend breaking decline, new listings were back up this week, marking a 16th week of growth in the last 18 weeks.
Here is a graph of the year-over-year change in inventory according to realtor.com.
Inventory was up year-over-year for the 39th consecutive week.