Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year
During the last week of December, Redfin shared key metrics and leading indicators for the rise in housing inventory towards 2024’s year-end, reporting housing supply up 12% year over year. It’s noted that active listings are rising in part because many homes are lingering on the market, causing supply to pile up.
Shared with these metrics is a series of data tables and graphs while the Redfin team took a break from analysis during the holidays. Please see Redfin’s post to view this data here.
Note: Some metrics are showing weakness compared to a year earlier due to the timing of the Thanksgiving holiday; the four-week period ending Dec. 22, 2024 that we use in the final two tables below includes Thanksgiving, while the comparable period a year earlier (four weeks ending Dec. 24, 2023) does not include Thanksgiving.
