Sellers continued to increase their activity this October. Total active listings increased to highs not seen since before the pandemic, marking a significant shift in the market.
The Southern boomtowns that rose to prominence during the pandemic are once again making waves—with welcome surges in housing stock. Austin, TX, tops the list with a 40.1% jump in inventory.
The total number of homes for sale in October was 29.2% higher than the year before, marking the 12th consecutive month of growth in active listings.
The uptick in housing stock is not due to old, stale listings piling up; newly listed homes surged 4.9% above last year's levels, reflecting a solid spike in seller activity.
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