Zillow Sees 4.6% Pending Listings Growth and 32% Page View Jump
Zillow’s March Market Report shows newly pending listings rose 4.6% year-over-year to 281,546—the second-highest monthly total since August 2022—while average daily page views per for-sale listing climbed 32% from last March. Meanwhile, mortgage rates jumped from 5.98% in February to 6.38% in late March, pushing typical payments 1.5% higher.
1. Pending Listings and User Engagement
Zillow saw newly pending listings climb 4.6% year-over-year to 281,546 in March, marking the second-highest monthly total since August 2022, while average daily page views per for-sale listing jumped 32% from last March, signaling robust buyer interest.
2. Mortgage Rate Effects on Affordability
Mortgage rates rose from 5.98% at February end to 6.38% in late March, driving a 1.5% increase in the typical monthly payment—potentially dampening affordability despite strong market demand.
3. Home Values and Inventory Trends
The Zillow Home Value Index reached $365,545, up 0.8% year-over-year and 0.6% month-over-month, as active inventory rose 4.2% from a year earlier to 1.23 million listings, showing balanced supply growth alongside demand.