National Real Estate Insights December 2024

U.S. Active Inventory of Homes for Sale 12-Month-Rolling Average, Long-Term Trends, since 2000*

2007-2008

3,750,000

3,500,000

2011

3,250,000

3,000,000

Subprime bubble, market recession, foreclosure crisis

The number of homes for sale has been rising in 2024, but still running extremely low by long-term standards.

2,750,000

2,500,000

2015

2,250,000

2000

2,000,000

2019

1,750,000

Pandemic hits ▲

1,500,000

2022-23-2024

1,250,000

*The 12-month-rolling average is a very broad, simplified view of trends, which may lag short-term changes . Each data point reflects the monthly average of the previous 12 months of active listings.

1,000,000

Interest rates soar ▲

Updated through November 2024

750,000

*Data copyright, National Association of Realtors®. All rights reserved. Used with permission. Existing homes (not new-construction): single-family dwellings, condos, co-ops. Not seasonally adjusted. Last month labeled “preliminary . ” Data from sources deemed reliable but may contain errors and subject to revision.

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