Zillow: Real Estate Market 'Unseasonably Resilient'

Zillow reports that its latest market report shows activity from sellers and buyers is "unseasonably resilient" after what it characterizes as a "lackluster August."

"September's market showed surprising stamina," said Kara Ng, senior economist at Zillow. "Typically, both buyers and sellers step back this time of year, but lower mortgage rates and stock market highs provided a second wind heading into fall."

Some key factors pointed to in the report include:

• The number of buyers markets more than doubled, rising from six to 15 over the past year.
• New listings from sellers rose 3% annually, emerging from a 3% annual decline in August.
• Buyers have 14% more options to choose from compared to a year ago.

See the full report here.