Inventory up over 30% compared to the same week last year

by
Sharing is Caring!
Altos reports that active single-family inventory was up 1.6% week-over-week. Inventory is now up 15.2% from the February bottom, and almost above the maximum for inventory last year!
Altos Home InventoryClick on graph for larger image.This inventory graph is courtesy of Altos Research.

As of May 10th, inventory was at 568 thousand (7-day average), compared to 560 thousand the prior week.
Inventory is still far below pre-pandemic levels.

READ MORE:

See also  Price cuts are wild—builders slashing $100K+ like nothing, desperate to move inventory... Who in their right mind wants to buy a house with a 7.6% mortgage rate?
See also  Bitcoin and Crypto: A Bigger Threat to the U.S. Dollar Than BRICS Currency – Trump’s 100% Tariff Threat Would Be Nothing Compared to His Potential Crackdown on Crypto

https://www.calculatedriskblog.com/2024/05/housing-may-13th-weekly-update.html?m=1


73 views