Zillow’s October market report is out, and with it, news that inventory and pending listings stalled following a late Summer bump.
According to Zillow, active inventory was up a mere 1.8 percent year-over-year in October. New for-sale listings were down 23.9 percent from last year’s flow, while the number of newly pending listings in October dropped 35.1 percent compared to last October.
The typical U.S. home value was nearly flat from September to October (up just 0.1 percent), while Las Vegas and Austin saw the sharpest home value declines.