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