Today, in the Calculated Risk Real Estate Newsletter: Why Measures of Existing Home Inventory appear Different
A brief excerpt: There is a significant difference between measures of inventory, and this is leading to some confusion.
Here is a graph comparing the year-over-year change in Realtor.com’s active inventory, the NAR’s inventory, and Realtor.com inventory including pending sales. Note that the blue line (NAR) and dashed black line (Realtor including pending sales) track.
But what about Redfin? Redfin takes a very different approach. Their active inventory number for any month includes homes that came on the market and sold quickly during the month, whereas the other measures are a snapshot at the end of the month (or week).There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/