Active inventory increased for the 2nd consecutive week, increasing 0.9% last week, and hitting a new peak for the year. Here are the same week inventory changes for the last four years:
This inventory graph is courtesy of Altos Research.
1. The seasonal bottom (happened on March 4th for Altos) ✅
2. Inventory up year-over-year (happened on May 13th for Altos) ✅
3. Inventory up compared to two years ago (currently down 1.9% according to Altos)
4. Inventory up compared to 2019 (currently down 42.2%).