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U.S. Homes for Sale Are Remaining on Market Longer: Zillow

Home prices are also moderating in 33 of 35 of the largest markets.

By Alex Tanzi | April 23, 2019 at 08:51 AM

Chart of home salesSoftening demand is keeping U.S. homes on the market longer and homeowners appear to be thinking twice about listing their properties, according to data firm Zillow’s Real Estate Market Report for March.

The median time on the market rose by four days in February from a year earlier — the first increase in four years — resulting in a 1.2% rise in March inventories. New listings dropped 6.1 percent.

“More leftovers from previous months are sticking around,” said Skylar Olsen, director of economic research at Zillow. As the market cools, “fewer homeowners are putting their homes on the market,” Olsen said.

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