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【Zillow】Home Prices Began to Climb in February, As Buyers Faced Scant New Listings (February 2023 Market Report Preview)

【Zillow】Home Prices Began to Climb in February, As Buyers Faced Scant New Listings (February 2023 Market Report Preview)

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  • The typical U.S. home value climbed slightly from January to February (0.05%), as buyers began to return for the spring homebuying season. Home values are 4.4% higher than one year ago but 4.0% lower than their peak last July, which was followed by 6 straight months of declines.
  • There were 22.2% fewer new listings than last February, and 31.4% fewer than in February 2020.
  • Active inventory was at its 2nd-lowest level in Zillow data back to 2018: 16.7% higher than last February but 38.1% below February 2020’s level.

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