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REAL ESTATE INVENTORY
 9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]  
REAL ESTATE INVENTORY REAL ESTATE INVENTORY
The following table presents the components of inventory, net of applicable inventory valuation adjustments of $622 million and $40 million, as of September 30, 2022 and December 31, 2021, respectively (in millions):
September 30,
2022		December 31,
2021
Work in progress$642 $1,971 
Finished goods:
Listed for sale4,209 2,325 
Under contract for sale1,242 1,800 
Total real estate inventory$6,093 $6,096 
As of September 30, 2022, the Company was in contract to purchase 2,259 homes for an aggregate purchase price of $802 million.
During the three and nine months ended September 30, 2022, the Company recorded inventory valuation adjustments for real estate inventory of $573 million and $663 million, respectively, in Cost of revenue in the condensed consolidated statements of operations. During the three and nine months ended September 30, 2021, the Company recorded inventory valuation adjustments for real estate inventory of $31 million and $32 million, respectively, in Cost of revenue in the condensed consolidated statements of operations.