Home listings are up more than 60% in some cities. Here's where

Nationwide, active listings in August were up 36% compared with the same month last year. The growth in supply is due to homes sitting on the market longer. While supply is increasing in most cities, some like Tampa and San Diego are seeing huge gains. The supply of homes for sale is still low by historical standards, but it is rising quickly. Sellers are pulling back as inventory grows, with fewer new listings in August compared to the previous year. The increase in supply is leading to price cuts, longer selling times, and lower mortgage applications. Some regions are experiencing significant increases in inventory. Overall, more supply and longer selling times are translating into lower prices, although prices are still higher than last year.