Real estate in Ontario is bouncing back following an interest rate-induced slowdown, and homes are once again selling fast.

New data from Zoocasa shows the real estate markets in London, Ont., and Ajax were the most competitive in June, with homes selling after 11 days on average in those cities, while it took about a month from homes in Caledon and Niagara Falls to sell.

In Toronto, homes sold within 20 days on average, while homes in Hamilton and Mississauga took on average 19 days.

The results are significantly quicker than the start of the year, when the shortest average time to sell was Waterloo’s 25 days and some regions had a 60-day average.

“Much of this resurgence is due to the stability in mortgage rates we saw in spring,” Daniel Crook of Zoocasa wrote in a blog post. “Interest rate hikes had paused until June, giving buyers encouragement to step into a more certain market.”

Zoocasa also points the continued short supply of homes for the quick selling rates, which leave buyers competing for fewer options.