NS Calculated risk above December 6, 2021 10:17:00 AM
Tracking existing home inventories this year and 2022 is very important..
This inventory graph is Altos Research..
As of December 3, inventory was 350,000 (7-day average), but the same week last year was 481,000. This is a 27.1% decrease. Inventory is down 6.5% from last week.
Compared to the same week in 2019, inventory is down 58.0% from 834 thousand. Inventories a week ago were 375,000 units, down 24.9% year-on-year.
Seasonally Inventory bottomed out in April (Usually, inventory bottoms out in January or February). Inventories exceeded record lows in early April by about 14%.
Inventory peaked in early September of the year. When inventory was 437,000 (annual peak), inventory is now off by about 19.9% from the annual peak.
Calculated Risk: Home Inventory Updated December 6: Inventory Decreases 6.5% Weekly
http://www.calculatedriskblog.com/2021/12/housing-inventory-december-6th-update.html Calculated Risk: Home Inventory Updated December 6: Inventory Decreases 6.5% Weekly