by Calculated Risk on 10/03/2025 08:01:00 AM
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory, new listings and median prices. On a monthly basis, they report total inventory. For September, Realtor.com reported active inventory was up 17.0% YoY, but still down 13.9% compared to the 2017 to 2019 same month levels.
Here is their weekly report: Weekly Housing Trends: Latest Data as of Sept. 27
• Active inventory climbed 16.2% year over year
The number of homes active on the market climbed 16.2% year over year, the easing compared to last week for the 15th straight time. Nevertheless, last week was the 99th consecutive week of annual gains in inventory. There were 1.1 million homes for sale last week, marking the 22nd week in a row over the million-listing threshold. Active inventory is growing significantly faster than new listings, an indication that more homes are sitting on the market for longer
• New listings—a measure of sellers putting homes up for sale—down 0.5% year over year
New listings fell 0.5% last week compared with the same period last year, marking just the third weekly decline since April. This softening is reflected in the September Monthly Housing Report data, where newly listed homes fell 1.2% year over year. The decline in new listings is in part behind the slowdown in national inventory gains over the past few months, as sellers retreat from the market.
• The median listing price was flat year over year
The median list price was flat compared to the same week one year ago. Adjusting for home size, we saw the price per square foot fell 0.5% year over year for the fourth consecutive week. The price per square foot had been growing steadily for almost two years, but the weak sales activity has finally caught up and stalled out this metric, suggesting underlying home values are starting to soften—at least in national aggregates.
About the Author
