• Why Measures of Existing Home Inventory appear Different

    5 days ago - By Calculated Risk

    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.
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    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 and dashed black line track.
    As Lawler noted, including pending sales understated the decline in active inventory in 2020 and 2021, and is now understating the increase in...
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