If you enjoyed this post you’ll certainly enjoy these other ‘Just For Fun’ posts!
If you enjoyed this post you’ll certainly enjoy these other ‘Just For Fun’ posts!
As the coronavirus pandemic continues to stifle the economy, we could be on the brink of a major recession. In today’s Real Estate podcast, from Real Estate Rockstars, we hear from record-setting Realtor Karen Briscoe, who sold real estate through some of the worst recessions in recent history, including the global financial crisis.
Karen shares how she stays positive and profitable in a bad economy to help listeners thrive through tough times. She also discusses the indicators of a shifting real estate market and explains why home values should hold through 2020.
, we hear from record-setting Realtor Karen Briscoe, who sold real estate through some of the worst recessions in recent history, including the global financial crisis.
Karen shares how she stays positive and profitable in a bad economy to help listeners thrive through tough times. She also discusses the indicators of a shifting real estate market and explains why home values should hold through 2020.
The first Zillow Weekly Market Report includes housing market data as of the week ending May 23[i]
Seatle, WA – May 29, 2020 (PRNewswire) This week brought more evidence of buyers and sellers returning to the market as newly pending sales and new listings are up from the previous week. Inventory continues to be incredibly tight — one reason list prices are growing faster than they were in April. Partly on the strength of that rebound, Zillow’s forecast now shows an expected 1.8% drop in home prices through October, up from the 2.7% drop expected just weeks ago.
Buyer demand continues to show strength
Inventory is tight, especially with sales activity increasing, but new listings have turned the corner as more sellers are entering the market
List price growth is accelerating
Zillow economists revise housing market forecast after better-than-expected sales figures in early May
Metropolitan Area | Newly Pending Sales – MOM | Newly Pending Sales – WOW | Total For- Sale Listings – YOY | New For- Sale Listings– YOY | New For- Sale Listings – MOM | Median List Price – YOY |
United States | 40.8% | 4.2% | -23.3% | -17.8% | 37.8% | 2.8% |
New York, NY | 58.6% | 12.1% | -31.6% | -20.2% | 104.8% | 2.9% |
Los Angeles-Long Beach-Anaheim, CA | 66.7% | 11.5% | -29.2% | -12.3% | 28.5% | 6.8% |
Chicago, IL | 41.4% | 8.8% | -25.3% | -20.2% | 32.9% | -3.8% |
Dallas-Fort Worth, TX | 44.0% | 8.5% | -14.5% | -10.3% | 22.6% | -2.7% |
Philadelphia, PA | 88.6% | 13.3% | -38.0% | -7.6% | 83.2% | 4.6% |
Houston, TX | 43.3% | 11.9% | -10.9% | -18.8% | 29.7% | -0.4% |
Washington, DC | 19.5% | -0.1% | -35.7% | -20.7% | 5.6% | 5.9% |
Miami-Fort Lauderdale, FL | 70.5% | 8.3% | -14.1% | -13.9% | 41.7% | -0.4% |
Atlanta, GA | 27.6% | -2.3% | -10.0% | -20.2% | 30.9% | -3.2% |
Boston, MA | 47.2% | 6.2% | -38.1% | -9.4% | 52.6% | 5.4% |
San Francisco, CA | N/A | N/A | -19.6% | 18.9% | 60.5% | 5.6% |
Detroit, MI | 298.5% | -3.5% | -17.3% | -13.6% | 178.7% | -6.6% |
Riverside, CA | 60.1% | 12.2% | -29.6% | -17.1% | 12.5% | 2.1% |
Phoenix, AZ | 27.3% | 10.1% | -26.3% | -9.9% | 12.5% | 5.4% |
Seattle, WA | 24.1% | 5.9% | -45.6% | -19.2% | 13.8% | 4.0% |
Minneapolis-St. Paul, MN | N/A | N/A | -17.2% | 2.0% | 35.2% | 1.3% |
San Diego, CA | N/A | N/A | -33.3% | -13.4% | 30.0% | 3.1% |
St. Louis, MO | 25.2% | 7.8% | -29.5% | -24.6% | 5.5% | 4.4% |
Tampa, FL | N/A | N/A | -19.9% | -15.0% | 29.6% | 0.2% |
Baltimore, MD | 16.9% | 1.1% | -35.8% | -16.0% | 20.7% | -1.6% |
Denver, CO | 125.8% | 1.2% | -17.1% | 1.6% | 77.8% | 5.8% |
Pittsburgh, PA | N/A | N/A | -19.3% | 15.8% | 288.9% | 4.8% |
Portland, OR | 39.2% | 10.3% | -27.6% | -28.9% | 13.2% | 1.7% |
Charlotte, NC | 35.1% | -1.5% | -29.1% | -25.7% | 14.1% | 2.1% |
Sacramento, CA | 33.3% | 6.6% | -18.6% | -20.5% | 20.7% | 3.6% |
San Antonio, TX | N/A | N/A | -8.4% | -13.7% | 19.8% | 1.4% |
Orlando, FL | N/A | N/A | -10.7% | -19.7% | 32.2% | 1.3% |
Cincinnati, OH | 18.8% | 8.2% | -33.1% | -18.9% | 14.0% | 15.3% |
Cleveland, OH | 13.7% | 9.1% | -39.5% | -26.0% | 26.8% | 6.0% |
Kansas City, MO | 32.3% | 9.6% | -34.7% | -13.7% | 17.4% | 8.9% |
Las Vegas, NV | 25.6% | 7.1% | -18.9% | -24.9% | 23.9% | 0.5% |
Columbus, OH | 1.0% | 3.0% | -29.7% | -31.8% | 18.9% | 3.5% |
Indianapolis, IN | 34.1% | 15.2% | -28.2% | -25.5% | 18.0% | 3.7% |
San Jose, CA | N/A | N/A | -27.6% | 11.3% | 69.0% | 3.3% |
Austin, TX | 39.4% | 17.4% | -17.5% | -12.1% | 34.4% | 5.6% |
[i] The Zillow Weekly Market Reports are a weekly overview of the national and local real estate markets. The reports are compiled by Zillow Economic Research and data is aggregated from public sources and listing data on Zillow.com. All inventory, sales and price data are reported using a smoothed, seven-day trailing average. For more information, visit www.zillow.com/research/.