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Source: Calculated Risk —
Altos reports inventory is up 13.9% year-over-year.
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 56% since then.
As of June 3rd, inventory was at 375 thousand (7-day average), compared to 364 thousand the prior week. Inventory was up 3.1% from the previous week.
Inventory is still very low. Compared to the same week in 2021, inventory is up 13.9% from 329 thousand, however compared to the same week in 2020 inventory is down 46.8% from 706 thousand. Compared to 3 years ago, inventory is down 60.0% from 938 thousand.
