After a two-year bull run, residential real estate activity across top cities stabilised in the third quarter (July-September) this year, reaching more that 1.07 lakh units, a report showed on Thursday, adding that the lull was due to monsoon and perceived inauspiciousness (the ‘shraad’ period).

However, sales continued to outstrip new supply in Q3, reflecting continued health in the market. Share of new luxury homes supply (priced Rs 1.5 crore and above) was highest at 33 per cent in the quarter, as per Anarock Group report.