Zillow: Sales Activity On The Rise As Buyer Options Remain Tight – NMP Skip to main content

Zillow: Sales Activity On The Rise As Buyer Options Remain Tight

Jun 19, 2020
Nice new home.
Director of Events

Zillow's Weekly Market Report reveals homebuyer demand continues to grow, but choices are growing increasingly limited. For the week ending June 13, 2020, Zillow reports new pending sales are up compared to the previous week, but new listings and total listings have tumbled. 
 
According to the report, new pending sales increased by 2.8% week-over-week and happen to be 17.7% higher than the previous month. Buyers are becoming more comfortable as safety guidelines have increased peace of mind when it comes to starting or resuming the buying process. Philadelphia and New York have seen the biggest growth in pending sales out of the 35 largest U.S. metros, up 62.7% and 58.1%, respectively. 
 
Things are much different on the inventory side. The report revealed that for-sale inventory dipped 0.4% from the previous week, but is now 17.1% below last year's level. Additionally, 3.8% fewer new listings came onto the market from the prior week. New listings are up 13.9% month-over-month, according to the report, though, they are down 16.6% annually.
 
Overall, the median list price is up 2.5% to $332,680 year-over-year. However, Zillow's May 2020 Real Estate Market Report predicted home values to decline in the second half of 2020.
 
Click here to view more from Zillow's Weekly Market Report.

 
About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Jun 19, 2020
Trump Names FHFA Director Bill Pulte Acting Director Of National Intelligence

FHFA director will continue overseeing Fannie Mae and Freddie Mac while serving as acting director of national intelligence

Jun 02, 2026
Realtor.com Launches AI Home Search Platform Built With Google

New RealAssist tool combines AI, affordability guidance and Google Maps data to engage buyers before they reach lenders

Jun 02, 2026
Another MLS Challenges Zillow In Fight Over Listing Visibility

Realtracs joins MRED in pushing back on Zillow's listing policies, a battle with potential implications for the broader homebuying and mortgage ecosystem

May 29, 2026
Gas Prices Are Quietly Reshaping Homebuyer Affordability

Rocket Money data suggests rising fuel costs are adding pressure to already payment-sensitive buyers as mortgage rates remain elevated

May 28, 2026
MISMO Targets Costly TRID Fee Cures With New Mortgage Fee Standardization Framework

MBA’s standards organization says inconsistent fee naming still drives costly redisclosures and rework, with fee-related cures affecting more than 30% of mortgage loans

May 27, 2026
Zillow-Compass Fight Raises Bigger Questions About The Future Of Mortgage Lead Distribution

Legal battle over private listings and MLS access highlights growing competition to control the homebuyer relationship before borrowers reach a loan originator

May 21, 2026