Housing Inventory July 18th Update: Up 30% Year-over-year

Altos reports inventory is up 30.3% year-over-year and is now 16.3% above the peak last year.

Inventory is increasing rapidly. Inventory bottomed seasonally at the beginning of March 2022 and is now up 110% since then. More than double!

Inventory was up 3.8% from the previous week. Inventory is increasing much faster than normal for this time of year (both in percentage terms and in total inventory added).

As of July 15th, inventory was at 509 thousand (7-day average), compared to 490 thousand the prior week.

Inventory is still historically low. Compared to 3 years ago, inventory is down 47.6% from 970 thousand.