Earlier this year there was a reluctance of homeowners to list their homes due to high mortgage rates. This led to lower inventorylevels and higher price points. In September, data suggests there is a renewed interest of sellers participating in the market with new listing activity rising back in line with historical averages.⁠

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"This upward shift in new listings has allowed overall inventory levels to recover modestly from the low levels we saw earlier this year. When we pair this dynamic with the slowdown in sales that typically occurs in the fall as a result of seasonal patterns, the outcome is more balanced market conditions overall.” - Andrew Lis, REBGV Director⁠