New Listings Took a Step Back Last Week, But Sales Activity Continued Steady Climb
SEATTLE, June 26, 2020 /PRNewswire/ -- For-sale inventory took a step back last week as the rate of new home listings slowed, according to Zillow's Weekly Market Reporti. Despite limited inventory, newly pending sales rose once again as buyer activity continues to be strong, and those sales are typically happening faster than they have since 2018.
Newly pending sales are up again, and homes are selling faster than they have in more than two years
Inventory took another small hit last week
List prices continue to climb
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i The Zillow Weekly Market Reports are a weekly overview of the national and local real estate markets. The reports are compiled by Zillow Economic Research and data is aggregated from public sources and listing data on Zillow.com. Newly pending sales and new for-sale listings data reflect daily counts using a smoothed, seven-day trailing average. Total for-sale listings, days to pending and median list price data reflect weekly counts using a smoothed, four-week trailing average. For more information, visit www.zillow.com/research/.