Despite fall being a historically slow time for real estate, inventory has continued to expand across the nation. And with more options available, properties were spending longer on the market and many homes experienced reductions from their original listing prices.

The number of homes listed for sale nationwide exceeded one million for the fifth month in a row in September, marking the 23rd consecutive month of inventory growth, said Realtor.com's Monthly Housing Market Trends Report . And active listings increased 17% year-over-year, but remain 13.9% below pre-pandemic levels.

The number of new listings also decreased by 1.2% year-over-year, the first time this number has declined in months. Listings typically spent 62 days on the market in September, seven more days than this time l

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