by Calculated Risk on 6/19/2025 10:57:00 AM
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For May, Realtor.com reported inventory was up 31.5% YoY, but still down 14.4% compared to the 2017 to 2019 same month levels.
Here is their weekly report: Weekly Housing Trends: Latest as of June 14
• Active inventory climbed 28.1% year over year
The number of homes actively for sale remains on a strong upward trajectory, now 28.1% higher than this time last year. This represents the 84th consecutive week of annual gains in inventory. There were more than 1 million homes for sale again last week, marking the seventh week in a row over the threshold and the highest inventory level since December 2019.
• New listings—a measure of sellers putting homes up for sale—rose 5.7% year over year
New listings rose again last week on an annual basis, up 5.7% compared with the same period last year, a slightly faster growth compared with the previous two weeks.
• The median list price was unchanged year over year
The median list price was flat (0% change) year over year this week and is down 0.4% year to date. The median list price per square foot—which adjusts for changes in home size—rose 0.7% year over year.
With inventory climbing, and sales depressed, months-of-supply is at the highest level since 2016 (excluding start of pandemic) putting downward pressure on house prices in an increasing number of areas.
