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 Nov. 16, 2024
• Active inventory increased, with for-sale homes 25.9% above year-ago levels
For the 54th consecutive week, the number of homes for sale has increased compared with the same time last year. However, this week’s growth was smaller than last week’s, marking the eighth consecutive week of deceleration and the smallest annual increase since late March.
• New listings—a measure of sellers putting homes up for sale—climbed 3.5% this week compared with one year ago
The number of newly listed homes saw a slight uptick compared with the same week last year, offering a glimmer of hope for buyers seeking fresh inventory. However, the recent climb in mortgage rates might deter many potential sellers from entering the market, particularly those locked into lower rates who are hesitant to trade up to higher borrowing costs.
Here is a graph of the year-over-year change in inventory according to realtor.com.
Inventory was up year-over-year for the 54th consecutive week.