A little more detail please: do you mean it dropped an inch then rose an inch and is now stable? Or that it is continuing to drop, then rise, then drop, then rise?
If your overflow was somewhat blocked, then it makes sense that your water level would drop right after cleaning it since more water will now be able to flow through through your overflow down into the sump in the same amount of time. Then, once your return pump pumped the 'extra' back up into the tank and got caught up, it would be back to normal.
If your water level stayed an inch low, then you would need to increase your return pump a little (if it's adjustable) to compensate for the greater volume of water now flowing down your overflow.
If it's continuing to drop, rise, drop, rise, then I'm not sure what is going on. Maybe air is getting trapped in your overflow plumbing, then 'burping' out, then getting trapped again, then 'burping' out, and so on--causing your water level to bounce up and down.
No way to know for sure without more details.