Housing inventory increased for the second week in a row to 0.9%.
According to Calculated Risk, as of September 23rd, inventory was at 557 thousand (7-day average), compared to 552 thousand the prior week. Inventory was up 0.9% from the previous week.
Inventory is still historically low. Compared to the same week in 2021, inventory is up 28.7% from 433 thousand, however compared to the same week in 2020 inventory is down 1.9% from 568 thousand. Compared to 3 years ago, inventory is down 42.2% from 963 thousand.