By 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.
Click on graph for larger image in graph gallery.
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%).
