【Zillow】Sales Surged 7% in July, But Leading Indicators Point to a Slower Second Half (Zillow July 2026 Market Report)

• Home sales rose 7% year over year in July, the strongest annual gain of the year, according to Zillow’s July Market Report. This largely represents transactions in which an offer was accepted in June. 
• Newly pending listings, a leading indicator of future closings, grew just 0.3% from a year ago and fell 7.7% from June.
• Inventory sits 1.5% above year-ago levels, helped by 3.1% annual growth of new listings, extending the 32-month streak of supply gains.

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