Resale inventory dropped again last month, continuing an unusually strong decline (for this time of year) to offset the unusually strong rise earlier this year:

Sales meanwhile remained very consistent:

Months of inventory (# of pending sales divided by active inventory) thus continued to come off the boil, and is now in the rough neighborhood of the pre-pandemic average level for this time of year: 

Despite the improvement in inventory, the price per square foot declined a bit.  

Though it should be noted that the most recent Case-Shiller release from a couple months ago showed a small price bump. So actual prices might actually be holding up better than the price per square foot (which is timely, but pretty rough) is indicating.

More graphs below…