September is pretty much the same as August. Overall there are a few more listings than in the past, but it is still a thin market. Buyers are still competing in multiple offers.
Demand is still strong due to 4 factors:
- Affordable mortgage rates - interest is still under 4.5% on a 30 year mortgage
- Good home prices - Home prices are still recovering
- Improving labor market - strengthens buyer confidence
- Rising rents - making it more affordable to purchase rather than rent
You can watch the whole skinny video below, or you can play with stats on this website: