by Calculated Risk on 6/05/2025 04:58:00 PM
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 May 31, 2025
• Active inventory climbed 29.5% year over year
The number of homes actively for sale remains on a strong upward trajectory, now 29.5% higher than this time last year. This represents the 82nd consecutive week of annual gains in inventory. There were more than 1 million homes for sale again last week, marking the fourth 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 4.2% year over year
New listings rose again last week on an annual basis, up 4.2% compared with the same period last year, though growth slowed compared with the previous week. Monday’s Memorial Day holiday likely affected listing activity for the week. The momentum that began earlier this spring remains strong …
• The median list price was flat year over year
The median list price was flat year over year this week as sticky prices persist into the summer. The median list price per square foot—which adjusts for changes in home size—rose 0.9% year over year.
Here is a graph of the year-over-year change in inventory according to realtor.com.
Inventory was up year-over-year for the 82nd consecutive week.
New listings increased.
Median list prices were mostly unchanged year-over-year.
