Active Housing Inventory in the U.S. Climbs YoY in October 2024, but Remains Below Pre-Pandemic Levels
- Active housing inventory across the U.S. increased YoY through 10/31/24 by 29.2%, according to Realtor.com. The largest growth was in the South with 34.0% YoY growth, followed by the West with 33.6% YoY growth.
- The red bars in the chart below represent the YoY change in active housing inventory compared to pre-pandemic times, defined as October 2017 – October 2019. Housing inventory in the U.S. in October 2024 was down 21.1% compared to the pre-pandemic period. The largest gaps in active housing inventory, compared to pre-pandemic years, were in the Midwest and Northeast at 40.5% and 49.3% respectively.
29.2% More Homes Were Listed for Sale in October 2024 than in October 2023
- In October 2024, there were 953,814 active home listings in the U.S. compared to 738,082 in October 2023. In 2024, the number of active home listings has trended higher since February at 664,714.
30-year Mortgage Rate Climbs Higher
- The final chart illustrates the 30-year fixed mortgage rate which increased over the last six week period from 9/19/24 at 6.09% to 6.72% on 10/31/24.
