Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market.

In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months.

With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning.

Even as hopes of a phased June reopening all but faded, real estate activity continued to strengthen.

Mortgage rates are hovering near all-time lows, spurring strong interest in buyers.