In response to the coronavirus pandemic, Zillow has seen home listings drop 19% in recent weeks.
The number of total listings also rose by 2.5% indicating that homes are sitting unsold for longer periods of time.
“In New York City, which has been hit hard by the pandemic, new listings fell 49% for the period, the company said. They dropped 38% in San Francisco, 43% in Philadelphia and 56% in Pittsburgh.”