As we approached the July 4th holiday week, our Housing Market Tracker indicated that the housing data was stabilizing with mortgage rates nearing their lowest levels of the year. However, the holiday falling on a Friday disrupted our weekly data for the following two weeks, as anticipated. Nonetheless, we expect things to normalize in the upcoming week. Let’s delve into the current housing data.
Weekly housing inventory data
The standout feature of the 2025 housing market is the rise in inventory and the deceleration of home price growth on a national scale. This year seems to strike a balance after the tumultuous years post-COVID-19. While there was a decrease in inventory last week, this was mainly influenced by the holiday period. The previous week, however, displayed stronger growth than the usual trend. We anticipate a return to normalcy in the upcoming week.
- Weekly inventory change (July 4-July 11): Inventory dropped from 853,180 to 846,833
- The same week last year (July 5-July 12): Inventory increased from 645,713 to 652,518
New listings data
The new listings data for 2025 seems to have peaked. While we achieved my minimum target of 80,000 new listings per week during the seasonal peak, I had hoped for activity ranging between 80,000 and 100,000 for a few weeks. Nevertheless, hitting the target is a win for 2025. Although there was a significant dip in this data line last week, we anticipate a rebound in the following week.
Comparing new listings data from the past two years:
- 2025: 60,726
- 2024: 56,622