Year-Over-Year Housing Inventory is 17.1% Below Last Year’s Level

According to the latest report released by Zillow, the American online real estate database company, year-over-year housing inventory is now -17.1% below last year’s levels and there were -3.8% fewer new listings from the week before. While new listings are up 13.9% monthly, they are down annually, year-over-year -16.6%. Newly pending sales grew 2.8% week-over-week and were 17.7% higher than in May. Also, of note, the median list price for a home as of June 13 is $332,680—up 2.5% year-over-year and 0.8% from the prior week.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.