After a strong September, October saw fewer homebuyers going on tours and making offers; new listings and overall homes for sale were also down.
Fremont Housing Inventory according to Movoto
In October, the number clients requesting home tours fell 3.7 percent from September, and the number of clients writing offers on homes fell 5.9 percent. Both of these measures had posted double-digit increases in September.
One likely culprit is a shortage of homes to choose from, something that has put a damper on homebuyer enthusiasm month after month.