Housing Jan 27th Weekly Update: Inventory Up 0.7% Week-over-week, Up 26.5% Year-over-year

Altos reports that active single-family inventory was up 1.2% week-over-week.Inventory always declines seasonally in the Winter and usually bottoms in late January or February. If two weeks ago was the seasonal bottom, that would be very early in the year, but that has happened before. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image.The red line is for 2024. The black line is for 2019. Inventory was up 26.5% compared to the same week in 2024 (last week it was up 24.8%), and down 23.0% compared to the same week in 2019 (last week it was down 23.4%). Back in June 2023, inventory was down almost 54% compared to 2019, so the gap to more normal inventory levels has closed significantly! This second inventory graph is courtesy of Altos Research. As of Jan 24th, inventory was at 637 thousand (7-day average), compared to 632 thousand the prior week. Mike Simonsen discusses this data regularly on Youtube

Jan 27, 2025 - 15:12

Housing Jan 27th Weekly Update: Inventory Up 0.7% Week-over-week, Up 26.5% Year-over-year

Altos reports that active single-family inventory was up 1.2% week-over-week.

Inventory always declines seasonally in the Winter and usually bottoms in late January or February. If two weeks ago was the seasonal bottom, that would be very early in the year, but that has happened before.

The first graph shows the seasonal pattern for active single-family inventory since 2015.

Click on graph for larger image.

The red line is for 2024. The black line is for 2019.

Inventory was up 26.5% compared to the same week in 2024 (last week it was up 24.8%), and down 23.0% compared to the same week in 2019 (last week it was down 23.4%).

Back in June 2023, inventory was down almost 54% compared to 2019, so the gap to more normal inventory levels has closed significantly!