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 Sept. 7, 2024
• Active inventory increased, with for-sale homes 33.4% above year-ago levels
For the 44th consecutive week dating to November 2023, the number of listings for sale has grown year over year, and this week continues a string of growth rates in the mid-30% range that started in April. This is a slight decrease from last week’s gain of 34.6%.
• New listings—a measure of sellers putting homes up for sale—ticked higher this week by 9.9% from one year ago
The recent easing of mortgage rates has encouraged many sellers to return to the market, with the year-over-year growth in new listings experiencing its largest increase in a month. What’s more, the rate was nearly double last week’s gain of 5.5%.
Here is a graph of the year-over-year change in inventory according to realtor.com.
Inventory was up year-over-year for the 44th consecutive week.