Due to a decrease in pending inventory (-23.7%), the overall inventory of unsold properties, including pending listings, grew by just 0.7% year over year. As seen by a 9.8% drop in newly listed homes from the previous year, sellers are less active than they were.
The housing market is still modest, according to Realtor.com September's housing statistics report, with homes selling slower than last year, home inventory growth slowing, and listing price rise slowing.
Even still, houses continue to sell more swiftly than pre-pandemic days. Check out the video for local numbers and our insights.