by Calculated Risk on 7/08/2024 08:13:00 AM

Altos reports that active single-family inventory was up 1.1% week-over-week. Inventory is now up 32.1% from the February seasonal bottom, and at the highest level since July 2020.
Click on graph for larger image.

This inventory graph is courtesy of Altos Research.

As of July 5th, inventory was at 653 thousand (7-day average), compared to 646 thousand the prior week.   
Inventory is still far below pre-pandemic levels. 
The second graph shows the seasonal pattern for active single-family inventory since 2015.

The red line is for 2024.  The black line is for 2019.  Note that inventory is up 75% from the record low for the same week in 2021, but still well below normal levels.
Inventory was up 40.0% compared to the same week in 2023 (last week it was up 38.4%), and down 31.2% compared to the same week in 2019 (last week it

Keep reading this article on Bill McBride - Calculedriskblog.

Leave a Reply