Post by Zillow

Gone in 7 days or sitting for months? New Zillow data shows the housing market is settling back into more familiar, pre-pandemic patterns. A third of homes are selling within a week in the fastest markets. Homes that sell that quickly are more than twice as likely to sell above asking price. Yet the median active listing has been sitting for 56 days. Affordability pressures have narrowed the pool of buyers, concentrating the most intense competition on listings that check every box ✅ New Zillow research unpacks what that means for buyers and sellers today, with Senior Economist Orphe Divounguy breaking it down 👆 Check out the full analysis: https://lnkd.in/g7cxqtjw Learn more about Zillow Preview at the link in the comments. #ZillowResearch #HousingMarket #RealEstate

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