Home Sales Trending Above Last Year's Pace – NMP Skip to main content

Home Sales Trending Above Last Year's Pace

Aug 03, 2020
Very nice home for sale with open house sign.
Director of Events

The pace of home sales is now trending higher than last year's numbers, according to a report from Zillow. The report revealed that homes shifting from for-sale to pending is 16.1% higher than last year. Zillow states that this is a leading indicator of completed sales.

Additionally, new listings are struggling to stay on pace with buyer demand and causing homes to sell just two weeks after being put on the market.

"Newly pending sales are down 1.4% month over month due to seasonal trends, but are up 16.1% year over year and are continuing to post accelerating growth," according to Zillow. "Homes that went under contract last week typically were plucked off the market after just 14 days, one day faster than the previous week and nine days faster than last year."

New for-sale home listings have dipped by 2.2.% from last week, bringing them down 12.2% year-over-year. The inventory shortage is still plaguing the housing industry as inventory fell 0.9% from the previous week, putting inventory down 26.3% year-over-year.

Click here to learn more from Zillow's report. 

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Aug 03, 2020
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Sep 22, 2026
Fed Hike Raises HELOC Costs While Mortgage Rates Stay Near 7%

Prime rose to 7% while the 10-year Treasury remained near 5%, giving originators two different borrower conversations

Sep 17, 2026