Published this Wednesday, the report states that the online traffic suburban, urban and rural home listings typically attract on Zillow has changed very little compared to last year. “[B]y and large, the data show that suburban housing markets have not strengthened at a disproportionately rapid pace compared to urban markets,” the report says. Supply differsAs of June, inventory in urban areas has been recovering faster with more new stock coming online. The urban price deceleration, however, disproportionately impacted coastal cities, while the Midwest exhibited no divergence along urban-versus-suburban lines. As the pace of sales picks up, Zillow anticipates the price differences between urban and suburban areas to narrow.

Source: Forbes August 14, 2020 21:33 UTC