New home sellers join the market as high demand persists
SEATTLE, Sept. 11, 2020 /PRNewswire/ -- The familiar drumbeat of high buyer demand and rising prices kept its rhythm into September as buyers scooped houses off the market at record rates, according to Zillow's Weekly Market Report. Although total housing inventory continues to tighten, sellers are feeling more comfortable listing their homes, with more new listings coming on the market than at any point since the beginning of the pandemic. Optimism is rising in both the housing market and in the economy as buyers, sellers and economists gain confidence, new data show.
Houses still going under contract quickly in extended buying season
New sellers join the marketplace amidst strong sales
Robust demand drives prices higher
Optimism rises in the housing market and economy
*Table ordered by market size
1 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. New for-sale listings data reflect daily counts using a smoothed, seven-day trailing average. Total for-sale listings, newly pending sales, days to pending and median list price data reflect weekly counts using a smoothed, four-week trailing average. National newly pending sales trends are based upon aggregation of the 38 largest metro areas where historic pending listing data coverage is most statistically reliable, and excludes some metros due to upstream data coverage issues. For more information, visit www.zillow.com/research/.
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