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April’s red-hot housing market saw nearly half of homes sell in less than a week, Zillow says

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There’s a major housing shortage in the US, with housing starts falling 9.5% in April as demand for new homes continue to surge. It’s so bad that nearly half the houses on the market are being snatched up in less than a week.

Treh Manhertz of Zillow’s research team reported on Friday that in April, 47% of homes were on the market for less than a week before going pending, with 76% of homes on the market for less than a month. This is a boost from April 2020, when the housing market came to details ⇒

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