Zillow Weekly Market Report: Data Through July 25, 2020
Even with a surge of newly pending sales, homes continue to fly off the shelf, staying on market just more than two weeks.

Even with a surge of newly pending sales, homes continue to fly off the shelf, staying on market just more than two weeks.
Homes shifting from for-sale to pending, a leading indicator of completed sales, are 16.1% higher than last year. New listings are not keeping pace with buyer demand, causing homes to typically sell after only two weeks on the market — a record pace in Zillow data that dates back to the start of 2019.
The Zillow Weekly Market 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.
Click here to read past editions of Zillow’s Weekly Market Report.