Did housing inventory peak in August this year?

"Housing inventory at one point this year showed 33% year-over-year growth, but that growth has since slowed to 17%, and we might already have seen the seasonal peak in inventory for the year in the first week of August. I didn't believe we were witnessing the peak in August and I have been looking for a new yearly high since then, but that hasn't happened. Last week, we saw a noticeable decline in active listings."

"It's October, when we would traditionally start to see the seasonal decline, so if this holds, our active inventory did actually peak the first week of August, which would be highly abnormal compared to what we have seen over the past few years. In the past few years, the seasonal peak in our active listings has occurred in October or November, especially when mortgage rates started rising late in the year."

"Weekly inventory change (Oct. 3-Oct. 10): Inventory fell from 863,972 to 856,870 The same week last year (Oct. 4-Oct. 11): Inventory fell from 734,257 to 732,378 Regardless of how inventory ends in 2025, this has been the most positive story for housing as supply grew, price growth cooled down and we have a much healthier housing market."

Housing inventory rose sharply earlier in 2025, showing 33% year-over-year growth before slowing to 17%. Inventory may have reached a seasonal high in the first week of August, far earlier than the usual October–November peaks seen in recent years. Mortgage-rate movements coincided with mid-June market shifts and rates falling below 6.64%, a level typically linked to stronger demand. Recent weekly data show active listings fell from 863,972 to 856,870 (Oct. 3–10) versus 734,257 to 732,378 the same week last year. Growing supply has cooled price growth and produced a healthier market balance.

Read at www.housingwire.com