New listings are up 19.1 percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market
The number of homes that went under contract the week ending July 18, 2020 surpassed those of the previous week, with pending sales increasing by 10.9% week over week, according to Zillow's Weekly Market Report
It’ll take several more weeks to fully determine if this is the bottom and possibly several months for new listing volumes to return to normal levels