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 10, 2024
• Active inventory increased, with for-sale homes 35.5% above year-ago levels.
For the 40th 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 35.5%, slightly more modest than the rate observed in the prior week..
• New listings–a measure of sellers putting homes up for sale-dipped this week by 2.2% from one year ago.
Despite mortgage rates dropping to their lowest level in over a year, sellers continued to show negative sentiment, leading to a yearly decline in new listings for a second week in a row.
Here is a graph of the year-over-year change in inventory according to realtor.com.
Inventory was up year-over-year for the 40th consecutive week.