Homebuyers Gain the Upper Hand as Active Listings Surge—With the Biggest Increases in These 3 Cities

Mortgage rate surges have reduced buying power, but increased inventory offers opportunities for prepared buyers. September saw over 1.16 million listings, with Minneapolis, Seattle, and Buffalo experiencing the largest inventory growth. Homes are staying on the market longer, and sellers are cutting prices to attract buyers. This shift gives buyers more choices, negotiating power, and potential savings despite high rates and less competition.