by Calculated Risk on 6/13/2025 08:17:00 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.
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 June 7, 2025
• Active inventory climbed 27.7% year over year
The number of homes actively for sale remains on a strong upward trajectory, now 27.7% higher than this time last year. This represents the 83rd consecutive week of annual gains in inventory. There were more than 1 million homes for sale again last week, marking the sixth 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 5.2% year over year
New listings rose again last week on an annual basis, up 5.2% compared with the same period last year, a slightly faster growth compared with the previous week. The momentum that began earlier this spring remains strong …
• The median list price was up 0.5% year over year
The median list price increased 0.5% year over year this week as elevated prices persist into the summer. The median list price per square foot—which adjusts for changes in home size—rose 0.8% 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 certain areas.