Altos reports inventory is up year-over-year!
Inventory usually declines in the winter, and then increases in the spring. Inventory bottomed seasonally at the beginning of March 2022 and is now up 32% since then.
This inventory graph is courtesy of Altos Research.
Inventory is still very low. Compared to the same week in 2021, inventory is up 1.5% from 314 thousand, however compared to the same week in 2020, and inventory is down 56.4% from 729 thousand. Compared to 3 years ago, inventory is down 65.2% from 915 thousand.
1. The seasonal bottom (happened on March 4th for Altos) ✅
2. Inventory up year-over-year (happened on May 13th for Altos) ✅
3. Inventory up compared to two years ago (currently down 56% according to Altos)
4. Inventory up compared to 2019 (currently down 65%).