PR Newswire·Jul 7, 2026, 8:00 AM ET

Zillow's June Market Report shows signs of life for home shopping season as sales, new listings rebound

U.S. home sales rose 5.9% year-over-year & 9.2% month-over-month in June, reversing May's annual decline.
The typical monthly mortgage payment fell 2.5% from last year due to rates dropping more than 20 basis points.
New listings increased 3% annually & 4.6% from May, though total inventory growth stalled at just 0.9% year-over-year.
The typical U.S. home value reached $372,057, representing a 1.1% increase from the previous year.
Inventory trends diverged by price tier, with lower-priced homes seeing the most growth in both listings & sales.
Homes took a median of 20 days to go pending, matching the pace from a year earlier.
25.8% of listings had price cuts in June, down from 26.6% a year ago but up from 23.9% in May.
30.3% of homes sold above list price in May, the most recent available data.
The typical nationwide rent was $1,965, up 2.2% year-over-year & 0.4% month-over-month.
39.7% of rental listings offered concessions in June, rising from 35.2% a year earlier.
Columbus, OH led sales growth with a 22.1% year-over-year increase, while Buffalo, NY saw a 2.9% decline.
San Francisco, CA experienced a 15.3% drop in inventory year-over-year, the largest decrease among major metros.
The Zillow July Market Report is scheduled for release on August 5, 2026.