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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Zillow Group Inc | NASDAQ:ZG | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 41.51 | 41.10 | 42.35 | 8 | 13:04:05 |
From Apr 2019 to Apr 2024
By Micah Maidenberg
Zillow Group Inc. said homeowners have pulled back from listing properties for sale as the coronavirus has shut down the economy.
The real estate company on Thursday said new listings on its platform fell 19% from March 1 to April 5. Total listings rose 2.5%, indicating homes are sitting unsold for longer, according to Zillow.
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.
"It is clear that many would-be home sellers are adopting a wait-and-see approach as uncertainty continues to rule," Skylar Olsen, senior principal economist at Zillow, said in a statement.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
April 09, 2020 17:05 ET (21:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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