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May 23, 2022

Housing Inventory May 23rd Update: Inventory UP 8.2% Week-over-week

 Inventory usually declines in the winter, and then increases in the spring. Inventory bottomed seasonally at the beginning of March 2022 and is now up 43% since then.

Altos Home InventoryClick on graph for larger image in graph gallery.

This inventory graph is courtesy of Altos Research.

As of May 20th, inventory was at 344 thousand (7-day average), compared to 318 thousand the prior week. Inventory was up 8.2% from the previous week.

Inventory is still very low. Compared to the same week in 2021, inventory is up 6.4% from 324 thousand, however compared to the same week in 2020, and inventory is down 52.5% from 724 thousand.  Compared to 3 years ago, inventory is down 63.3% from 938 thousand.

Credits: Mortgage news daily