Could it be?! More listings reportedly entered the market in September than the prior Summer months, bringing a much needed boost of inventory and market confidence, According to Redfin, New listings rose 3 percent in September.
Metro areas that saw the largest increase in new listings compared to a year ago include Orlando, Jacksonville, West Palm Beach and Miami. San Jose rounded out the top five, with a 6.9 percent annual increase.
However, leading buyer activity is still down in most areas. The Redfin Homebuyer Demand Index was down 3 percent from a month earlier (as of the 4 weeks ending Oct. 1), close to its lowest level since January. Additionally, Google searches for listings were down 9 percent from a month earlier (as of Sept. 30).