“Sales of both waterfront and non-waterfront homes are still running well below typical levels for this time of year, a trend we expect will continue into next year as buyers and sellers play catch-up on rising interest rates and figuring out where to meet on pricing,” said Chuck Murney, President of the Lakelands Association of REALTORS®. “The good news is on the supply side, where new listings have not dropped off but are actually holding up fairly well. This is giving a long-awaited boost to overall inventories, helping them rise from rock-bottom and unsustainable levels seen right up until earlier this year. Once buyers feel ready to return to the market and sellers have adjusted their pricing expectations there should be more ample availability for buyers than there has been through the frenzy of the past two years.”