by Calculated Risk on 5/18/2025 08:12:00 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 30.6% YoY, but still down 16.3% compared to the 2017 to 2019 same month levels.
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 May 10, 2025
• Active inventory climbed 30.6% year over year
The number of homes actively for sale remains on a strong upward trajectory, now 30.6% higher than this time last year. This represents the 79th consecutive week of annual gains in inventory. There were more than 1 million homes for sale last week, the highest inventory level since December 2019.
• New listings—a measure of sellers putting homes up for sale—rose 11.2% year over year
New listings rose again last week, up 11.2% compared with the same period last year. The momentum that began earlier this spring remains strong, signaling a vibrant market as we head into late spring and early summer.
• The median list price remained flat
After three consecutive weeks of gains, the national median list price remained flat year over year last week. Ongoing affordability challenges, along with growing concerns about personal finances and job security, continue to pose significant hurdles for many buyers. Nearly 4 in 5 home shoppers believe it’s a bad time to buy, which is dampening demand.
Here is a graph of the year-over-year change in inventory according to realtor.com.
Inventory was up year-over-year for the 79th consecutive week.
New listings were solid.
Median list prices were unchanged year-over-year.
