Zillow: 18.5% of homes pending within week, fast sales 2.6x above ask
Zillow data show 18.5% of U.S. listings went pending within seven days in February 2026, with top markets like St. Louis, Hartford and Seattle exceeding a 36% fast-sale rate. Homes going pending in under a week sold above asking price 44.3% of the time—2.6 times the rate of typical listings.
1. Housing Market Bifurcation
Zillow analysis reveals a bifurcated U.S. housing market, where 18.5% of listings went pending within seven days in February 2026, while median active listings sat for 56 days. In markets such as St. Louis, Hartford and Seattle, over one-third of homes sold in under a week and 44.3% of these fast sales closed above asking price.
2. Mortgage Rates Remain Stable
Zillow’s latest rate update shows national average 30-year fixed mortgage rates at 6.10% and 15-year fixed at 5.56%, unchanged from the previous day. Adjustable-rate and VA loan benchmarks similarly inched up by one basis point, reflecting a stable borrowing environment for prospective buyers using Zillow’s platform.