Fewer homes for sale and a decrease in buyer activity is what we normally see going into fall. This year, we only have one of the two. While buyer demand dropped 9.6% as expected from August to September, there was an 11.9% increase in inventory that has been long overdue. We haven’t seen this many homes for sale since January of this year! If inventory continues to trend upward, you can expect to see more homes making it through the first week before going under contract — a very welcome relief for buyers.
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