Zillow October Report: Newly Pending Listings Plunge 16.8%, Biggest Drop Since August 2023
Zillow's October Market Report, released November 5, shows newly pending listings fell 16.8% year over year, the biggest annual drop since August 2023 and the weakest October since 2018, while completed sales dropped 8.7%.
The typical U.S. home value was $364,812, down 0.6% month over month and just 0.7% higher than a year ago. But the typical monthly mortgage payment hit $2,004, up 12.8% from last year and 4.8% from September, the largest one-month jump in four years.
In California, the typical home value was $950,752 in Los Angeles, where sales fell 18%; $580,531 in Riverside, where sales fell 16.8%; and $929,026 in San Diego, where sales fell 17.2%.
Source: Zillow
Published by GSM · USA (original Chinese edition)
Photo: Zillow 总部所在的西雅图 Russell Investments Center 大楼。图：Sheila Sund，CC BY 2.0，经 Wikimedia Commons。 / The Russell Investments Center in Seattle, home to Zillow's headquarters. Photo: Sheila Sund, CC BY 2.0, via Wikimedia Commons.
