Zillow's Weekly Market Report Releases Numbers

June 7, 2020
Share this Post: 

Zillow’s Weekly Market Report has shown that newly pending sales and new listings fell last week and that this decrease can be due to the Memorial Day holiday in the States, which has a number of summer holidays that could affect future numbers in the coming weeks.

Still, new and pending sales are up compared to earlier this year from the COVID crisis. Experts told Zillow that they expect the sales lost during that period to be recouped in full over the next few years. 

This is the first time in eight years where the outlook of home value growth was leaning towards the negative. Experts predict these numbers will decrease by 0.3% in 2020 when three months ago, the number was expected to grow by 3.3%.

June 7, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick