Zillow uvedl, že prodej domů v srpnu meziročně klesl o 0,6 % a nově rozpracované nabídky o 2,6 %, protože hypoteční sazby nad 6,5 % drží kupce stranou.
Zillow expects continued softness in the for-sale market, with newly pending sales and inventory growth both decelerating as affordability challenges push demand toward rentals
Home sales fell 0.6% year over year in August, a deceleration from July's 6% annual gain, according to Zillow's August Market Report. Newly pending listings, a leading indicator of future closings, fell 2.6% year over year in August, extending a rapid deceleration from June's 7.5% annual gain — even as the number of homes for sale continues to climb. The rental market shows signs of absorbing sidelined demand, with rents rising 2.5% year over year, nearly double the rate of home value growth. , /PRNewswire/ -- Home sales slipped 0.6% year over year in August and fell sharply from July, according to the Zillow® August Market Report. Mortgage rates holding above 6.5% — their highest level in a year — kept many buyers on the sidelines. Newly pending listings, a forward-looking measure of demand, fell 2.6% from a year ago, a sign that the slowdown could continue through the remainder of the year.
August's closed sales largely reflect contracts signed in July, when elevated rates were already discouraging many would-be buyers. The typical U.S. home value rose 1.3% from a year ago to $369,678, according to the Zillow Home Value Index, and the monthly mortgage payment on the typical home was 2% higher than last year. Rents are climbing, too, up 2.5% year over year to $1,948 nationwide, giving prospective buyers little relief on either side of the rent-versus-own equation. That annual rent growth figure is also reaccelerating, up from 2.3% last month and 2% a year ago, suggesting the rental market is absorbing some of the demand that has shifted away from the for-sale market.
Inventory continues to offer a modest bright spot, with 1.41 million homes for sale nationwide, up 3% from a year ago. But new listings fell 7.9% from July, and the share of listings with a price cut edged up to 26.3% — half a percentage point above last year — a sign that sellers are still having to adjust expectations to meet the market.
"The for-sale housing market took a step back in August, and mortgage rates above 6.5% are the primary culprit," said Mischa Fisher, chief economist at Zillow. "The combination of weak sales and even weaker pending sales points to a soft close to 2026. There are more homes for sale than a year ago, which is good news for buyers who are ready to move, but until rates ease, many households will likely stay on the sidelines a little longer as renting is still the more affordable substitute."
Home Values & Mortgage Payments
The typical U.S. home value is $369,678. The Zillow Home Value Index (ZHVI) fell 0.1% month over month in August. Home values are 1.3% higher than a year earlier. The monthly mortgage payment on a typical U.S. home is $1,897, assuming a 20% down payment and including estimates for taxes, insurance and maintenance. That is 2% higher than last year. Inventory
There were 1.41 million homes for sale nationwide in August. Active inventory was 3% higher than a year earlier. Inventory rose 0.2% from July. New for-sale listings totaled 356,934 in August, up 2.4% from a year earlier and down 7.9% from July. Sales
339,927 homes were sold in August, according to Zillow's sales count nowcast. That is 0.6% lower than a year earlier, and down 10.7% from July. Competition
Homes took a median of 27 days to go pending in August. That's the same as last year and two days longer than July. The share of listings with a price cut in August was 26.3%. That was up 0.5 percentage points from a year earlier and down 0.8 percentage points from July. 29.6% of homes sold above list price in July, the most recent data available. That was 0.8 percentage points higher than a year earlier and 1.1 percentage points lower than June. Rents
The typical rent nationwide is $1,948, according to the Zillow Observed Rent Index. That's 2.5% higher than a year earlier and up 0.2% from July. 39.2% of rental listings on Zillow offered a concession in August. That's 2.5 percentage points higher than a year earlier and down 0.6 percentage points from July. Local data can be found on Zillow's market explorer. The Zillow September Market Report is expected to be released October 6.
Zillow August Market Report
Metro Area*
Typical
Home
Value
(ZHVI)
Home
Value
Change:
MoM
Home
Value
Change:
YoY
Inventory
Change:
YoY
Sales
Count
Nowcast
Change:
YoY
Typical
Rent
(ZORI)
Rent
Change:
MoM
Rent
Change:
YoY
United States
$369,678
-0.1 %
1.3 %
0.2 %
-0.6 %
$1,948
0.2 %
2.5 %
New York, NY
$739,324
0.4 %
5.2 %
-3.5 %
-2.3 %
$3,615
0.2 %
4.2 %
Los Angeles, CA
$957,612
-0.3 %
1.4 %
0.5 %
-2.0 %
$2,941
0.2 %
1.6 %
Chicago, IL
$359,782
0.3 %
5.1 %
-0.4 %
4.9 %
$2,210
-0.1 %
4.9 %
Dallas, TX
$361,463
-0.3 %
-1.9 %
-1.3 %
-2.1 %
$1,659
0.1 %
0.4 %
Houston, TX
$305,386
-0.3 %
-1.8 %
-1.1 %
-4.0 %
$1,643
0.0 %
0.0 %
Washington, DC
$575,362
-0.5 %
0.3 %
-2.6 %
-3.5 %
$2,433
0.2 %
0.8 %
Philadelphia, PA
$390,935
-0.1 %
2.5 %
-0.2 %
-2.7 %
$1,911
0.4 %
3.6 %
Miami, FL
$477,919
0.2 %
0.5 %
-2.6 %
-1.0 %
$2,666
0.2 %
1.6 %
Atlanta, GA
$377,813
-0.4 %
-1.5 %
0.6 %
-0.8 %
$1,853
0.3 %
2.0 %
Boston, MA
$737,482
-0.2 %
2.3 %
-4.2 %
0.1 %
$3,074
-0.7 %
2.4 %
Phoenix, AZ
$442,171
-0.4 %
-1.0 %
-0.9 %
-1.4 %
$1,722
0.1 %
0.7 %
San Francisco, CA
$1,134,525
-0.3 %
3.3 %
-1.1 %
2.5 %
$3,409
1.7 %
10.8 %
Riverside, CA
$583,081
-0.1 %
0.4 %
-0.9 %
-0.7 %
$2,541
0.3 %
2.8 %
Detroit, MI
$267,999
-0.1 %
1.8 %
5.0 %
-1.6 %
$1,524
0.4 %
3.8 %
Seattle, WA
$730,623
-0.8 %
-1.6 %
0.0 %
-6.5 %
$2,278
0.2 %
1.7 %
Minneapolis, MN
$390,396
-0.2 %
1.7 %
1.4 %
4.4 %
$1,719
0.1 %
3.5 %
San Diego, CA
$934,936
-0.4 %
1.0 %
-2.0 %
-6.3 %
$2,994
0.3 %
2.0 %
Tampa, FL
$359,285
-0.1 %
-0.6 %
-1.4 %
2.7 %
$2,001
0.1 %
-0.1 %
Denver, CO
$562,732
-0.5 %
-1.5 %
0.0 %
-1.6 %
$1,922
-0.1 %
-0.6 %
Baltimore, MD
$400,583
-0.4 %
0.4 %
0.2 %
3.7 %
$1,948
0.3 %
2.6 %
St. Louis, MO
$277,084
-0.1 %
3.3 %
-0.5 %
-5.3 %
$1,443
0.2 %
3.9 %
Orlando, FL
$383,656
-0.2 %
-1.4 %
-1.0 %
5.8 %
$1,942
0.0 %
0.7 %
Charlotte, NC
$384,369
-0.4 %
-0.7 %
-1.5 %
-2.4 %
$1,749
0.2 %
1.0 %
San Antonio, TX
$276,834
-0.3 %
-1.8 %
-0.5 %
5.7 %
$1,422
0.2 %
-1.3 %
Portland, OR
$545,374
-0.3 %
0.1 %
-0.4 %
1.4 %
$1,818
0.3 %
0.6 %
Sacramento, CA
$576,967
-0.3 %
0.2 %
-1.3 %
3.5 %
$2,282
0.3 %
1.7 %
Pittsburgh, PA
$232,967
0.1 %
0.3 %
-0.3 %
-6.5 %
$1,469
0.0 %
3.4 %
Cincinnati, OH
$309,495
-0.2 %
2.3 %
-1.8 %
3.7 %
$1,522
0.2 %
2.6 %
Austin, TX
$419,900
-0.5 %
-4.2 %
-3.2 %
2.0 %
$1,622
0.1 %
0.0 %
Las Vegas, NV
$423,354
-0.5 %
-2.8 %
1.8 %
2.1 %
$1,742
-0.3 %
0.1 %
Kansas City, MO
$329,538
0.0 %
3.8 %
-0.5 %
1.7 %
$1,529
0.3 %
3.6 %
Columbus, OH
$331,866
-0.1 %
1.3 %
-0.5 %
6.3 %
$1,521
0.5 %
2.6 %
Indianapolis, IN
$294,343
-0.1 %
1.0 %
2.9 %
-2.7 %
$1,552
0.3 %
3.3 %
Cleveland, OH
$255,245
0.3 %
4.0 %
1.6 %
1.4 %
$1,454
0.3 %
4.5 %
San Jose, CA
$1,544,638
-1.0 %
0.3 %
0.2 %
-5.7 %
$3,815
1.0 %
7.6 %
Nashville, TN
$453,322
-0.2 %
-0.3 %
0.7 %
1.0 %
$1,813
0.2 %
0.8 %
Virginia Beach, VA
$374,765
0.0 %
2.9 %
0.6 %
3.4 %
$1,891
1.0 %
6.6 %
Providence, RI
$528,018
0.1 %
3.7 %
2.3 %
-1.5 %
$2,167
0.1 %
4.3 %
Jacksonville, FL
$351,487
-0.1 %
0.0 %
-2.2 %
-1.0 %
$1,696
0.2 %
1.8 %
Milwaukee, WI
$391,398
0.1 %
5.5 %
-1.4 %
-2.9 %
$1,563
0.3 %
5.0 %
Oklahoma City, OK
$246,105
0.0 %
1.1 %
2.4 %
-4.9 %
$1,388
0.2 %
2.3 %
Raleigh, NC
$431,407
-0.4 %
-1.6 %
-1.4 %
4.7 %
$1,675
0.3 %
0.8 %
Memphis, TN
$244,845
-0.2 %
0.1 %
-0.5 %
0.8 %
$1,400
-0.1 %
1.0 %
Richmond, VA
$396,305
-0.1 %
2.7 %
3.5 %
-3.6 %
$1,729
-0.2 %
2.5 %
Louisville, KY
$280,808
-0.3 %
1.6 %
1.7 %
-0.2 %
$1,348
0.0 %
1.6 %
New Orleans, LA
$261,012
-0.3 %
1.6 %
-0.8 %
-2.7 %
$1,598
0.0 %
1.4 %
Salt Lake City, UT
$562,551
-0.2 %
1.0 %
6.2 %
0.1 %
$1,641
0.1 %
0.5 %
Hartford, CT
$404,670
0.2 %
5.2 %
1.0 %
1.2 %
$2,034
0.3 %
3.2 %
Buffalo, NY
$292,435
0.3 %
3.7 %
5.2 %
-3.8 %
$1,449
0.5 %
3.5 %
Birmingham, AL
$263,461
0.0 %
2.5 %
0.4 %
1.0 %
$1,433
0.8 %
2.0 %
*Table ordered by market size
Forward-looking statements
This press release includes forward-looking statements about future housing market conditions, mortgage rates, rental trends and other economic factors. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially due to changes in economic and market conditions. Forward-looking statements speak only as of the date of this release, and Zillow Group undertakes no obligation to update them.
About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.
As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.
Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.
Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.
FTC a pět států uzavřely se Zillow dohodu, která ukončuje spor o údajnou platbu 100 milionů USD Redfin za omezení konkurence v pronájmech bytů. Redfin má do šesti měsíců obnovit vlastní reklamní podnikání.
The U.S. Federal Trade Commission and a group of states settled with Zillow (ZG.O) ahead of trial on Monday, ending claims the online real estate platform illegally paid Rocket Companies' (RKT.N) Redfin $100 million to stop competing in apartment rental listings.
The FTC and five states were ready to argue at trial scheduled to start Monday that the Zillow-Redfin partnership drove up costs for landlords and decreased listing quality for renters. More than 30% of Americans rent their homes, according to census data.
Under the settlement, Redfin can continue to display Zillow ads on its sites but will resume its rental advertising business within six months, the FTC and states said.
While Democratic state attorneys general have clashed with the Trump administration on other matters, both the FTC and the states called the settlement a win.
New York Attorney General Letitia James said the lawsuit restored competition in online listing platforms, "critical tools that New Yorkers rely on to find affordable homes."
Virginia, Arizona, Connecticut and Washington were also plaintiffs.
FTC Chair Andrew Ferguson said the settlement will provide competition in rental markets that is "an integral component of President Donald Trump’s domestic housing agenda."
A Redfin spokesperson said the settlement allows the company to maintain its partnership with Zillow through at least 2030 while building its own rentals business.
Zillow rentals executive Michael Sherman said the settlement is positive and "enables us to keep our energy on innovating for renters and property managers."
Zillow and Redfin made a deal in February 2025: Redfin would wind down its rental listing business, refer its customers to Zillow, and display copies of Zillow's listings on its site. Redfin agreed to stay out of the business for up to nine years.
In return, Zillow agreed to pay Redfin $100 million, plus fees for each renter who signaled interest in a property.
The FTC sued the companies, as did New York, Virginia, Arizona, Connecticut and Washington. They said that before the deal, Zillow and Redfin were competing to list vacancies in buildings with more than 25 units.
After Redfin stopped competing, Zillow customers paid an average of 14.5% more per listing, an expert for the FTC and states estimated, while some property managers stopped buying online listings.
Zillow had said in court papers that the deal put more listings on both sites and helped it compete with market leader CoStar Group (CSGP.O). Exclusive deals are common in the industry, Zillow had said.
Newly pending sales fell sharply from June as mortgage rates hit their highest point in a year, signaling that July's sales bump may not last
Home sales rose 7% year over year in July, the strongest annual gain of the year, according to Zillow's July Market Report. This largely represents transactions in which an offer was accepted in June. Newly pending listings, a leading indicator of future closings, grew just 0.3% from a year ago and fell 7.7% from June. Inventory sits 1.5% above year-ago levels, helped by 3.1% annual growth of new listings, extending the 32-month streak of supply gains. , /PRNewswire/ -- Home sales surged 7% in July, the strongest annual gain seen so far this year, according to the Zillow® July Market Report. But a closer look takes some air out of that headline figure. Newly pending listings are up just 0.3% year over year, suggesting the pipeline of future sales is running dry.
July's headline sales figure reflects contracts signed weeks earlier, when mortgage rates were hovering in the 6.5% range. A fresh oil price shock in July sent mortgage rates higher, likely prompting many home shoppers to pause their search.
The affordability edge that has been a silver lining to an otherwise disappointing home shopping season may disappear in the coming months. U.S. home values are up 1.1% from a year ago, according to the Zillow Home Value Index. A monthly mortgage payment on the typical U.S. home in July, assuming a 20% down payment, was 0.9% lower than the year prior. Unless they reverse course, mortgage rates will be higher than last year in August, likely enough to push the typical mortgage payment above year-ago levels.
"July was a strong month for existing home sales, but unfortunately it may represent the peak of what we can expect for the rest of the year," said Mischa Fisher, chief economist at Zillow. "Closed sales in July mostly reflect offers accepted in June, when underlying pent-up demand for housing, combined with an improving rate environment, drove strong activity. Unfortunately, the weak growth in newly pending sales in July and the worsening rate environment portend a weaker half of the year for sales growth, with flat to declining transaction volumes for the remainder of the year in some regions."
Home Values & Mortgage Payments
The typical U.S. home value is $371,757. The Zillow Home Value Index (ZHVI) rose 0.4% month over month in July. Home values are 1.1% higher than a year earlier. The monthly mortgage payment on a typical U.S. home is $1,888, assuming a 20% down payment and excluding taxes and insurance. That is 0.9% lower than last year. Inventory
There were 1.41 million homes for sale nationwide in July. Active inventory was 1.5% higher than a year earlier. Inventory rose 0.9% from June. New for-sale listings totaled 387,203 in July, up 3.1% from a year earlier and down 4.2% from June. Sales
382,898 homes were sold in July, according to the preliminary Zillow sales count nowcast. That is 7% higher than a year earlier but down 2.7% from June. These figures will be revised mid-month. Newly pending listings, which measures listings that changed from for-sale to pending status rather than closed sales, shows 0.3% growth from a year earlier and a 7.7% decrease from June. Competition
Homes took a median of 25 days to go pending in July. That was five days longer than a year earlier and one day longer than June. The share of listings with a price cut in July was 27.1%. That was down from 27.4% a year earlier and up from 25.7% in June. 30.8% of homes sold above list price in June, the most recent data available. That's compared to 30.9% a year earlier and 30.2% in May. Rents
The typical rent nationwide is $1,962, according to the Zillow Observed Rent Index. That's 2.3% higher than a year earlier and up 0.3% from June. 39.8% of rental listings on Zillow offered a concession in July. That's up from 36% a year earlier and up from 39.7% in June. 39.8% of rental listings on Zillow offered a concession in July. That's compared to 36% a year earlier and 39.7% in June. Local data can be found on Zillow's market explorer. The Zillow August Market Report is expected to be released September 8.
Zillow July Market Report
Metro Area*
Typical
Home
Value
(ZHVI)
Home
Value
Change:
MoM
Home
Value
Change:
YoY
Inventory
Change:
YoY
Sales
Count
Nowcast
Change:
YoY
Typical
Rent
(ZORI)
Rent
Change:
MoM
Rent
Change:
YoY
United States
$371,757
0.4 %
1.1 %
1.5 %
7 %
$1,962
0.3 %
2.3 %
New York, NY
$739,990
0.8 %
4.6 %
1.9 %
-0.8 %
$3,627
0.8 %
4.5 %
Los Angeles, CA
$966,820
0.1 %
0.9 %
-2.8 %
2.1 %
$2,944
0.1 %
1.5 %
Chicago, IL
$361,494
0.9 %
4.8 %
1 %
7.2 %
$2,253
0.4 %
5.1 %
Dallas, TX
$364,682
0.1 %
-2.2 %
-4.7 %
5.1 %
$1,667
0 %
0.1 %
Houston, TX
$307,199
0.1 %
-1.9 %
3 %
6.5 %
$1,654
0.1 %
0 %
Washington, DC
$581,129
0.1 %
0.1 %
10.8 %
4.5 %
$2,456
0.3 %
0.4 %
Philadelphia, PA
$393,122
0.5 %
2.4 %
8.6 %
2.3 %
$1,925
0.4 %
3.4 %
Miami, FL
$478,760
0.4 %
-0.2 %
-14.9 %
15.8 %
$2,677
0.2 %
1.4 %
Atlanta, GA
$381,578
0.1 %
-1.5 %
-0.5 %
2.8 %
$1,855
0.5 %
2.1 %
Boston, MA
$743,469
0.4 %
2 %
12.4 %
13 %
$3,165
-0.1 %
2.6 %
Phoenix, AZ
$445,622
0 %
-1.1 %
-1.1 %
5.9 %
$1,727
0.2 %
0.3 %
San Francisco, CA
$1,143,620
0.1 %
2.1 %
-15.8 %
7.9 %
$3,372
1.8 %
9.7 %
Riverside, CA
$586,925
0.2 %
-0.1 %
-7.2 %
1.3 %
$2,547
0.1 %
2.5 %
Detroit, MI
$270,291
0.5 %
1.8 %
11.7 %
-2.7 %
$1,531
0.4 %
3.6 %
Seattle, WA
$741,028
-0.3 %
-1.5 %
17.2 %
-4.4 %
$2,282
0.5 %
1.4 %
Minneapolis, MN
$394,679
0.5 %
1.6 %
19 %
14 %
$1,725
0.4 %
3.5 %
San Diego, CA
$936,560
0 %
0.6 %
-7.7 %
9.6 %
$3,008
0.3 %
1.8 %
Tampa, FL
$361,516
0.3 %
-1.2 %
-8.9 %
10.7 %
$2,013
0.1 %
-0.5 %
Denver, CO
$567,979
-0.1 %
-1.7 %
-3.9 %
7.8 %
$1,930
0.3 %
-0.9 %
Baltimore, MD
$404,816
0.2 %
0.5 %
12.2 %
13 %
$1,946
0.6 %
2.5 %
St. Louis, MO
$278,129
0.5 %
3.3 %
9.7 %
-0.6 %
$1,445
0.5 %
4.3 %
Orlando, FL
$386,386
0.1 %
-1.7 %
-4.8 %
11 %
$1,959
-0.1 %
0.6 %
Charlotte, NC
$387,653
0 %
-0.6 %
11.6 %
7.2 %
$1,756
0.2 %
0.6 %
San Antonio, TX
$278,613
0 %
-1.9 %
4 %
8.2 %
$1,425
0.2 %
-1.8 %
Portland, OR
$550,185
0.2 %
-0.3 %
2.1 %
5.5 %
$1,810
0.2 %
0.3 %
Sacramento, CA
$582,570
0.2 %
-0.3 %
-7.1 %
9 %
$2,296
-0.1 %
1.7 %
Pittsburgh, PA
$231,278
0.3 %
-0.2 %
15.7 %
2 %
$1,499
0.3 %
3.4 %
Cincinnati, OH
$311,118
0.3 %
2.2 %
11.4 %
9.6 %
$1,552
0.3 %
2.7 %
Austin, TX
$424,478
0.1 %
-4.5 %
-4.6 %
19.7 %
$1,647
0.3 %
-0.9 %
Las Vegas, NV
$428,201
0 %
-2.8 %
0.5 %
6.3 %
$1,747
-0.1 %
0.2 %
Kansas City, MO
$331,205
0.5 %
3.7 %
2.5 %
11.9 %
$1,546
0.6 %
3.7 %
Columbus, OH
$332,969
0.3 %
1.2 %
12.3 %
18.2 %
$1,519
0.5 %
1.9 %
Indianapolis, IN
$295,966
0.3 %
0.9 %
12.7 %
8.4 %
$1,571
0.6 %
2.7 %
Cleveland, OH
$254,758
0.7 %
3.5 %
14.3 %
7.3 %
$1,476
0.6 %
4.3 %
San Jose, CA
$1,569,703
-0.6 %
-0.4 %
0.4 %
3.2 %
$3,782
1.4 %
7 %
Nashville, TN
$455,148
0.2 %
-0.5 %
8.7 %
8.5 %
$1,820
0.4 %
0.6 %
Virginia Beach, VA
$376,678
0.5 %
2.8 %
4.8 %
7.8 %
$1,877
0.8 %
5.9 %
Providence, RI
$531,026
0.7 %
3.6 %
5.3 %
-1.5 %
$2,180
0.2 %
3.6 %
Jacksonville, FL
$352,756
0.2 %
-0.4 %
-14.3 %
5.2 %
$1,711
0.3 %
1.4 %
Milwaukee, WI
$393,714
0.8 %
5.3 %
9.7 %
15.7 %
$1,545
0.5 %
4.7 %
Oklahoma City, OK
$246,398
0.2 %
0.9 %
5.9 %
4.1 %
$1,390
0.2 %
2.4 %
Raleigh, NC
$436,918
0.1 %
-1.6 %
12.1 %
1.4 %
$1,683
0.4 %
0.5 %
Memphis, TN
$245,565
0 %
0 %
11.5 %
5.4 %
$1,422
0.3 %
1.2 %
Richmond, VA
$398,387
0.4 %
2.6 %
4.5 %
8.2 %
$1,751
0.2 %
2.7 %
Louisville, KY
$282,162
0.2 %
1.4 %
17.4 %
10.8 %
$1,357
0 %
1.8 %
New Orleans, LA
$262,731
0.2 %
2.2 %
-2.1 %
8.1 %
$1,604
0.2 %
1.2 %
Salt Lake City, UT
$567,006
0.2 %
1.1 %
0.9 %
19.9 %
$1,647
0.1 %
0.5 %
Hartford, CT
$405,762
0.8 %
5 %
5.5 %
1.2 %
$2,020
0.3 %
2.8 %
Buffalo, NY
$292,737
0.9 %
3.9 %
16.8 %
7.1 %
$1,446
0.6 %
3.3 %
Birmingham, AL
$263,910
0.4 %
2.4 %
6.4 %
8.8 %
$1,456
0.3 %
1.4 %
*Table ordered by market size
Forward-looking statements
This press release includes forward-looking statements about future housing market conditions, mortgage rates, rental trends and other economic factors. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially due to changes in economic and market conditions. Forward-looking statements speak only as of the date of this release, and Zillow Group undertakes no obligation to update them.
About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.
As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.
Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.
Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.
Zillow Group shares are sliding. Why is Z stock dropping? Zillow Q2 Earnings Rundown Q2 Revenue: $772 million, versus estimates of $758.04 million Q2 Adjusted EPS: 52 cents, versus estimates of 44 cents Total revenue was up 18% year-over-year in the second quarter. Residential revenue was up 7%, Mortgages revenue increased 75% and Rentals revenue increased 31%. The company noted that its revenue growth outperformed the broader residential real estate industry, which grew by 6%.
“Zillow delivered another quarter of strong results and consistent execution. We outperformed the broader housing market and our outlook, and we are on track toward our full-year goals,” said Jeremy Wacksman, CEO of Zillow.
Zillow expects third-quarter revenue to be in the range of $745 million to $760 million versus Benzinga Pro estimates of $760.90 million. The company also guided for full-year 2026 revenue of $2.92 billion to $2.96 billion versus estimates of $2.98 billion.
Z Shares Slide After HoursZ Price Action: Zillow shares were down 10.25% in after-hours, trading at $32.40 at the time of publication on Wednesday, according to Benzinga Pro.
Image: Shutterstock.com
Market News and Data brought to you by Benzinga APIs
, /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months ended June 30, 2026.
Complete financial results for the second quarter and outlook for the third quarter and the full year of 2026 can be found in the shareholder letter on the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/financials/quarterly-results/default.aspx.
"Zillow delivered another quarter of strong results and consistent execution. We outperformed the broader housing market and our outlook, and we are on track toward our full-year goals," said Zillow Chief Executive Officer Jeremy Wacksman. "Zillow is the operating system for modern real estate, and we are building toward a future where getting home through the integrated experience on Zillow is the standard for renters, buyers, sellers and the industry professionals who guide them through it."
Recent highlights include:
Q2 revenue was up 18% year over year to $772 million, above the high end of the company's outlook range. The residential real estate industry grew by 6% in Q2.1 The company estimates Q2 purchase mortgage origination volume for the industry was approximately flat year over year, which more closely represents the company's customer base. For Sale revenue was up 14% year over year in Q2 to $549 million. Residential revenue was up 7% year over year in Q2 to $465 million, benefiting from growth in Preferred, Zillow Showcase, New Construction and the company's suite of agent software tools. Mortgages revenue increased 75% year over year to $84 million in Q2, primarily due to a 95% increase in purchase loan origination volume to $2.2 billion. Rentals revenue increased 31% year over year in Q2 to $209 million, primarily driven by multifamily revenue growing 42% year over year. Net loss was $4 million in Q2, and net loss margin was 1%, an 80-basis-point decrease year over year. Diluted net loss per share was $0.02 compared to diluted net income per share of $0.01 in Q2 a year ago. Adjusted net income was $118 million and Diluted adjusted net income per share was $0.52 compared with $0.40 in Q2 a year ago.2 Q2 Adjusted EBITDA was $176 million, above the high end of our outlook range, and Adjusted EBITDA margin was 23%.2 Cash and investments at the end of Q2 were $682 million. In Q2, the company repurchased 5.6 million shares for $200 million. Traffic to Zillow Group's mobile apps and sites in Q2 was down 2% year over year to 239 million average monthly unique users.3 Visits during Q2 were down 2% year over year to 2.5 billion. According to Comscore, which tracks growth trends across the residential real estate category, Zillow's average monthly unique visitors in Q2 outperformed the category, which saw a decline overall, similar to other leading indicators that are pointing to a slower second half. Zillow is the only large company in the category, according to Comscore, to consistently expand its reach with the real estate audience over the past seven quarters.
1 National Association of Realtors® existing homes sold during Q2 2026 multiplied by the average selling price per home for Q2 2026 compared with the same period in 2025
2 Adjusted net income, Diluted adjusted net income per share, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures; they are not calculated or presented in accordance with U.S. generally accepted accounting principles ("GAAP"). Please see the "Use of Non-GAAP Financial Measures" section below for more information about our presentation of these non-GAAP financial measures, including a reconciliation to the most directly comparable GAAP financial measures for the relevant period.
3 For information on the company's calculation of average monthly unique users and visits, please see Zillow Group's publicly available filings with the U.S. Securities and Exchange Commission.
Second-Quarter 2026 Financial Highlights
The following table sets forth Zillow Group's financial highlights for the periods presented (in millions, except percentages, unaudited):
Three Months Ended
June 30,
2025 to 2026
% Change
Six Months Ended
June 30,
2025 to 2026
% Change
2026
2025
2026
2025
Revenue:
For Sale revenue:
Residential
$ 465
$ 434
7 %
$ 915
$ 851
8 %
Mortgages
84
48
75 %
148
89
66 %
Total For Sale revenue
549
482
14 %
1,063
940
13 %
Rentals
209
159
31 %
392
288
36 %
Other
14
14
— %
25
25
— %
Total revenue
$ 772
$ 655
18 %
$ 1,480
$ 1,253
18 %
Other Financial Data:
Gross profit
$ 562
$ 489
$ 1,081
$ 948
Net income (loss)
$ (4)
$ 2
$ 42
$ 10
Diluted net income (loss) per share
$ (0.02)
$ 0.01
$ 0.18
$ 0.04
Net cash provided by operating activities
$ 11
$ 87
$ 211
$ 191
Non-GAAP Financial Measures:(1)
Adjusted EBITDA
$ 176
$ 155
$ 374
$ 308
Adjusted net income
$ 118
$ 101
$ 263
$ 206
Diluted adjusted net income per share
$ 0.52
$ 0.40
$ 1.12
$ 0.81
Adjusted free cash flow
$ 96
$ 100
$ 223
$ 188
Percentage of Revenue:
Gross profit
73 %
75 %
73 %
76 %
Net income (loss)
(1) %
— %
3 %
1 %
Adjusted EBITDA(1)
23 %
24 %
25 %
25 %
Adjusted net income(1)
15 %
15 %
18 %
16 %
(1) These are non-GAAP financial measures. Please see the "Use of Non-GAAP Financial Measures" section below for more information about
our presentation of these non-GAAP financial measures, including a reconciliation to the most directly comparable GAAP financial measures for
the relevant period.
Conference Call and Webcast Information
Zillow Group will host a live webcast to discuss these results today at 2 p.m. Pacific time (5 p.m. Eastern time). Please register for the live event at https://zillow-q2-26-financial-results.open-exchange.net/. A shareholder letter and link to both the live webcast and recorded replay of the call may be accessed in the Quarterly Results section of Zillow Group's Investor Relations website.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding the company's business strategies, the execution of those strategies, and their impact on consumers and real estate professionals. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "predict," "will," "projections," "continue," "estimate," "outlook," "guidance," "would," "could," "strive" or similar expressions constitute forward-looking statements. Forward-looking statements are made based on assumptions as of August 5, 2026, and although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee these results. Differences in Zillow Group's actual results from those described in these forward-looking statements may result from actions taken by Zillow Group as well as from risks and uncertainties beyond Zillow Group's control.
Factors that may contribute to such differences include, but are not limited to: the health and stability of the economy and United States residential real estate industry, including changes in inflationary conditions, interest rates, housing availability and affordability, labor shortages and supply chain issues; our ability to manage advertising, product inventory and pricing, and to maintain relationships with our real estate partners; our ability to establish or maintain relationships with listing and data providers, which affects traffic to our mobile apps and websites; or changes to our rights to use or timely access listing data, or to the quality or quantity of such listing data; our ability to comply with current and future rules and requirements promulgated by National Association of REALTORS®, multiple listing services, or other real estate industry groups or governing bodies, or decisions to repeal, amend or not enforce such rules and requirements; our ability to navigate industry changes, including as a result of past, pending or future lawsuits, settlements or government investigations, which may include lawsuits, settlements or investigations in which we are not a named party; uncertainties related to policy changes, enforcement priorities, or government shutdowns at the federal and state levels; our ability to continue to innovate and compete to attract customers and real estate partners; our ability to effectively invest resources to pursue new strategies, develop new products and services and expand existing products and services into new markets; our ability to operate and grow Zillow Home Loans' mortgage operations, including the ability to obtain or maintain sufficient financing to fund the origination of mortgages, meet customers' financing needs with product offerings, continue to grow origination operations and resell originated mortgages on the secondary market; the duration and impact of natural disasters, climate change, geopolitical events, and other catastrophic events (including public health crises) on our ability to operate, demand for our products or services, or general economic conditions; our public statements, disclosures, targets, and product features related to sustainability matters; our ability to maintain adequate security controls or technology systems, or those of third parties on which we rely, to protect data integrity and the information and privacy of our customers and other third parties; our ability to navigate any significant disruption in service on our mobile apps or websites or in our network; the impact of past, pending or future litigation and other disputes or enforcement actions, which may include lawsuits or investigations to which we are not a party; our ability to attract, engage, and retain a highly skilled workforce; mergers, acquisitions, investments, strategic partnerships, capital-raising activities, or other corporate transactions or commitments by us or our competitors; our ability to continue relying on third-party services to support critical functions of our business; our ability to protect and continue using our intellectual property and prevent others from copying, infringing upon, or developing similar intellectual property, including as a result of artificial intelligence; our ability to comply with domestic and international laws, regulations, rules, contractual obligations, policies and other obligations, or to obtain or maintain required licenses to support our business and operations; our ability to pay our debt or to raise additional capital or refinance our indebtedness on acceptable terms, or at all; actual or anticipated fluctuations in quarterly and annual results of operations and financial position; actual or perceived inaccuracies in the assumptions, estimates and internal or third-party data that we use to calculate business, performance and operating metrics; and volatility of our Class A common stock and Class C capital stock prices.
The foregoing list of risks and uncertainties is illustrative but not exhaustive. For more information about potential factors that could affect Zillow Group's business and financial results, please review the "Risk Factors" described in Zillow Group's publicly available filings with the United States Securities and Exchange Commission. Except as may be required by law, Zillow Group does not intend and undertakes no duty to update this information to reflect future events or circumstances.
About Zillow Group, Inc.
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.
As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.
Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.
Zillow Group's affiliates, subsidiaries, and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.
Please visit https://investors.zillowgroup.com, www.zillow.com/news, and www.linkedin.com/company/zillow, where Zillow Group discloses information about the company, its financial information, and its business that may be deemed material.
Logos for Zillow Group and some of its key brands are available at https://zillow.com/news/logos/.
(ZFIN)
Use of Non-GAAP Financial Measures
To provide investors with additional information regarding our financial results and liquidity, this press release includes references to Adjusted EBITDA, Adjusted net income, Diluted adjusted net income per share, and Adjusted free cash flow, all of which are non-GAAP financial measures not calculated or presented in accordance with GAAP. We have provided a reconciliation below of each non-GAAP financial measure to the most directly comparable GAAP financial measure.
Adjusted EBITDA
Adjusted EBITDA is a key metric used by our management and Board of Directors to measure operating performance and trends and to prepare and approve our annual budget. In particular, we believe the exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis.
Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:
Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; Adjusted EBITDA does not consider the potentially dilutive impact of share-based compensation; Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditures or contractual commitments; Adjusted EBITDA does not reflect restructuring costs; Adjusted EBITDA does not reflect interest expense or other income, net; Adjusted EBITDA does not reflect income taxes; Adjusted EBITDA does not reflect certain litigation costs directly associated with our pending antitrust litigation brought by the Federal Trade Commission ("FTC") and state attorneys general ("FTC Matter"), consisting of legal fees and related expenses that we have determined arise outside the ordinary course of our business and are nonrecurring, infrequent, or unusual. In making this determination, we considered the following factors: (1) the FTC Matter is the first legal proceeding of this nature brought against us, and we do not currently expect similar proceedings to recur; (2) the nature of the remedies sought by the FTC, including, among other things, a permanent injunction and a divestiture of assets or reconstruction of businesses, differs from the relief typically sought in our ordinary course litigation; and (3) the counterparties are a federal regulatory agency and state attorneys generals, which are distinct from the type of counterparties involved in our ordinary course litigation; and Other companies, including companies in our own industry, may calculate Adjusted EBITDA differently from the way we do, limiting its usefulness as a comparative measure. Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash-flow metrics, net income (loss), and our other GAAP results.
Adjusted Net Income and Diluted Adjusted Net Income Per Share
Our presentation of Adjusted net income and Diluted adjusted net income per share excludes the impact of share-based compensation, restructuring costs, FTC Matter litigation costs and income taxes. These measures are not key metrics used by our management or Board of Directors to measure operating performance or otherwise manage the business. However, we provide Adjusted net income and Diluted adjusted net income per share as supplemental information to investors, as we believe the exclusion of the results of share-based compensation, restructuring costs, FTC Matter litigation costs and income taxes facilitates investors' operating performance comparisons on a period-to-period basis. You should not consider Adjusted net income and Diluted adjusted net income per share in isolation or as substitutes for analysis of our results as reported under GAAP.
Adjusted Free Cash Flow
We define Adjusted free cash flow as net cash provided by operating activities adjusted for purchases of property and equipment, purchases of intangible assets, net borrowings on master repurchase agreements, and the initial payment in connection with the Redfin rentals partnership. Borrowings on master repurchase agreements are used to fund Zillow Home Loans mortgage loan originations, and we consider them part of our ongoing liquidity management. The initial payment in connection with the Redfin rentals partnership was considered a one-time and nonrecurring cash flow, and we exclude it from our calculation as we believe it impacts the ability to evaluate the liquidity of our business operations on a period-to-period basis.
We have included Adjusted free cash flow in this press release as it is a key metric used by our management to evaluate the effectiveness of our business strategies and execution and our ability to consistently generate cash from our core operations on a period-to-period basis.
Our use of Adjusted free cash flow has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Adjusted free cash flow does not represent the residual cash flow available for discretionary expenditures. Other companies, including companies in our own industry, may calculate Adjusted free cash flow differently from the way we do, limiting its usefulness as a comparative measure.
Reconciliations of Non-GAAP Financial Measures
The following table presents a reconciliation of Adjusted EBITDA to net income (loss) for each of the periods presented (in millions, unaudited):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net income (loss)
$ (4)
$ 2
$ 42
$ 10
Income taxes
1
—
3
—
Other income, net
(13)
(18)
(29)
(40)
Depreciation and amortization
65
67
130
132
Share-based compensation
75
99
156
196
Restructuring costs
36
—
36
—
FTC Matter litigation costs(1)
10
—
26
—
Interest expense
6
5
10
10
Adjusted EBITDA
$ 176
$ 155
$ 374
$ 308
(1) Beginning with the three months ended June 30, 2026, we calculate and report Adjusted EBITDA excluding litigation costs directly associated with the FTC
Matter, which we have determined to be nonrecurring, infrequent, or unusual and outside the ordinary course of our business. We have revised Adjusted EBITDA
for the three months ended March 31, 2026 to conform to the current period presentation. As a result of this revision, Adjusted EBITDA for the three months ended
March 31, 2026 increased by $16 million, from $182 million as previously reported to $198 million.
The following table presents a reconciliation of Adjusted net income to net income (loss) and associated per-share metrics for each of the periods presented (in millions, except per-share data, unaudited):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net income (loss)
$ (4)
$ 2
$ 42
$ 10
Share-based compensation
75
99
156
196
Restructuring costs
36
—
36
—
FTC Matter litigation costs(1)
10
—
26
—
Income taxes
1
—
3
—
Adjusted net income
$ 118
$ 101
$ 263
$ 206
Diluted net income (loss) per share
$ (0.02)
$ 0.01
$ 0.18
$ 0.04
Diluted adjusted net income per share
$ 0.52
$ 0.40
$ 1.12
$ 0.81
(1) Beginning with the three months ended June 30, 2026, we calculate and report Adjusted net income and Diluted adjusted net income per share excluding
litigation costs directly associated with the FTC Matter, which we have determined to be nonrecurring, infrequent, or unusual and outside the ordinary course of our
business. We have revised Adjusted net income and Diluted adjusted net income per share for the three months ended March 31, 2026 to conform to the current
period presentation. As a result of this revision, Adjusted net income for the three months ended March 31, 2026 increased by $16 million, from $129 million as
previously reported to $145 million, and Diluted adjusted net income per share increased by $0.07, from $0.53 as previously reported to $0.60.
For periods with GAAP net loss and Adjusted net income, the Adjusted diluted weighted-average shares outstanding used in the calculation of Diluted adjusted net
income per share includes potentially dilutive securities that were excluded from the calculation of Diluted net loss per share, as the effect was anti-dilutive. The
following table reconciles the denominators used in the Diluted net income (loss) per share and Diluted adjusted net income per share calculations (in thousands,
unaudited):
The following table provides a reconciliation of Adjusted free cash flow to net cash provided by operating activities for the periods presented (in millions, unaudited):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net cash provided by operating activities
$ 11
$ 87
$ 211
$ 191
Purchases of property and equipment
(36)
(37)
(70)
(73)
Purchases of intangible assets
(9)
(7)
(19)
(115)
Net borrowings on master repurchase agreements
130
57
101
85
Initial payment in connection with Redfin rentals partnership
Zillow propustila více než 500 zaměstnanců, asi 7 % globální pracovní síly, v největším letošním kole škrtů. Přichází den před zveřejněním výsledků za 2. čtvrtletí.
by Todd Bishop on Aug 4, 2026 at 10:34 amAugust 4, 2026 at 10:48 am
GeekWire Illustration Seattle-based online real estate company Zillow Group laid off more than 500 employees Tuesday, about 7% of its global workforce, its second and largest round of cuts this year.
The layoffs are about “ensuring we have a disciplined cost structure and getting more efficient, with the right people in the right positions,” Zillow Group CEO Jeremy Wacksman said in a company blog post announcing the cuts. He said the decision reflects “both the strides we’re making in our strategy and the reality of what is required of us to grow at scale.”
He added, “Continuing to grow at scale requires us to work differently than we do today.”
Wacksman told real estate executives at the T3 Leadership Summit in April that Zillow employees were being retrained to use AI in their jobs, with gains that “are small, but they’re compounding,” as reported by Real Estate News. The company hasn’t said whether AI factored into Tuesday’s cuts.
The layoffs come one day before Zillow Group reports second-quarter earnings, Wednesday afternoon. The company did not immediately disclose which teams were affected, how many of the cuts will hit its Seattle headquarters, or what severance employees will receive.
Zillow Group’s business has been growing, defying a sluggish housing market. Its first-quarter revenue rose 18% year-over-year to $708 million, while the residential real estate industry grew 2%, according to NAR. Net income climbed to $46 million from $8 million a year earlier.
Wacksman indicated Tuesday that the company is still bucking the trend: “We continue to outperform the category, despite a housing market that has been essentially flat,” he wrote.
So why the cuts? The company has been spending nearly as fast as it has been growing, on rental listings, loan officers for Zillow Home Loans, advertising and legal bills. Execs told investors in May that the spending would ease up in the second half of the year. Cutting payroll is one way to make that happen, and Zillow’s earnings guidance tomorrow could reflect that.
As for those legal bills: Zillow is headed to trial later this month in an FTC antitrust case over the $100 million deal the company struck in early 2025 to become the exclusive provider of multifamily rental listings on Redfin’s websites.
Zillow cut about 200 jobs in January, but characterized those as performance-related and part of its annual review cycle. It had 7,058 employees as of March 31, down just 10 positions from the end of 2025, meaning it had largely backfilled January’s cuts before Tuesday.
It’s part of a wave of cuts and consolidation in real estate portals and property tech. CoStar has cut its Homes.com inside-sales team by nearly 40% in recent months. Better founder Vishal Garg stepped down as CEO Monday as the mortgage company pushed to cut costs.
Rocket Companies acquired Seattle-based Redfin for $1.75 billion in an all-stock deal that closed in July 2025, then cut about 2% of its combined workforce weeks later. Longtime Redfin CEO Glenn Kelman departed in January after 20 years leading the company.
Along with its flagship Zillow portal, Zillow Group’s brands include Trulia, StreetEasy, HotPads and Out East, plus agent software products Follow Up Boss, ShowingTime and dotloop.
Zillow spustil Zillow Pro, prémiové členství pro realitní makléře, které jim umožní zvát klienty ke spolupráci přímo na platformě a získat přehled o jejich aktivitě. Součástí jsou také nástroje My Agent a „Likely to List“ s podporou AI.
Agents can now invite buyers and sellers they already know to collaborate with them on Zillow, unlocking insights and tools to help create more personalized client experiences and more business
, /PRNewswire/ -- With 235 million average monthly unique users1 and 70% of actual buyers and sellers in the U.S. on Zillow® today,2 most of a real estate agent's past clients are already browsing homes on Zillow, often without a clear path to take the next step. If agents could see those signals and act on them, they could show up at the right moment with the right information, giving buyers and sellers the guidance they need when they need it. And when agents are better connected to the clients they've already built relationships with, everyone wins — agents grow their business and consumers get a more responsive, more personal experience throughout their search.
Zillow has launched Zillow Pro℠, its premium membership for any and all real estate agents. It lets agents invite buyers and sellers they are working with to collaborate on Zillow, unlocking insights and tools for more personalized client experiences.
My Agent is a collaboration tool that brings agents into the shopper's Zillow experience. When a consumer accepts an invitation to My Agent, agents get real-time insight into what that shopper is browsing, saving and searching in their area.
"Likely to List" is a Zillow Pro premium feature powered by AI that helps agents spot properties in their existing Follow Up Boss database that may be coming to market soon, giving agents a reason to reconnect with past contacts who may be interested in selling.
Agents and shoppers can message or book a tour together on Zillow listings in their local market, staying connected without ever leaving their Zillow search.
A premium Agent Profile gives agents a differentiated presence on Zillow, with custom branding, photos and video. Zillow has launched Zillow Pro℠, its premium membership for any and all real estate agents, nationwide to make this possible. The membership equips agents with exclusive tools built to help them meet clients where they already are — on Zillow — and work together seamlessly. Agents can invite any buyer or seller in their network to collaborate with them on Zillow, and once that contact accepts, agents get visibility into their Zillow activity along with the tools to help them know when and how to best reach out. Nearly 20,000 agents have already used Zillow Pro in its beta version, and buyers working with agents who have a membership are 80% more likely to meet with their agent face-to-face and 50% more likely to move forward in their search.3
In a housing market where sales are on track for another flat year and mortgage rates are once again near 6.5%, agents are competing harder for every transaction. The relationships an agent builds over years are foundational to their business. But being kept in mind across a large client base is hard, and most agents have no way of knowing when someone in their network starts getting serious about a move. That closed door is where opportunities are lost.
"Real estate runs on relationships, and we see time and again the agents who win are the ones who show up at the right moment with the right information," said Cynthia Taylor, senior vice president of product at Zillow. "Now any agent can have the tools and visibility to do that across their entire business. This is our commitment to helping agents get more out of the platform where their clients are browsing, dreaming and planning."
It starts with My Agent, a collaboration tool that brings agents into the shopper's Zillow experience. When a consumer accepts an invitation to My Agent, agents get real-time insight into what that shopper is browsing, saving and searching in their area. That intelligence helps agents deliver more timely and relevant outreach by using Follow Up Boss® automatic prioritization and tailored message suggestions. Consumers who connect through My Agent convert at more than four times the rate of those with inferred relationships.4
Shoppers, in turn, see their agent across Zillow listings in their local market as they search and can easily message or book a tour with their agent, staying connected without ever leaving their Zillow search.
"The client wants to be on Zillow. Everybody is on Zillow," said Lisa Ryan, vice president of agent services at Exquisite Properties in San Antonio. "Zillow Pro membership allows us to be more intentional with keeping that relationship and nurturing it as well."
No other platform can deliver the combination of a world-class customer relationship management (CRM) system with insights from the largest online audience of home shoppers in the country. With a Zillow Pro membership, any agent — whether they advertise on Zillow or not — can extend My Agent invitations to any contact in their Follow Up Boss database.
Listing agents get a meaningful edge with the new "Likely to List" tag, a Zillow Pro premium feature. Powered by AI, Likely to List helps agents spot properties in their existing Follow Up Boss database that may be coming to market soon, giving agents a reason to reconnect with past contacts who may be interested in selling.
Powerful tools for branding, outreach and day-to-day workflow round out the agent's tool kit. A premium Agent Profile gives agents a differentiated presence on Zillow, with custom branding, photos and video. AI automatically surfaces the most engaged contacts, generates personalized outreach and gives agents instant context on a contact's history so they always know who to call and how to help. In supported MLS markets, agents can also search listings, share properties with buyers and track engagement without leaving Follow Up Boss — with their branding on every listing link they send. Combining these tools in a Zillow Pro membership, agents get a complete system for staying visible, informed and connected with clients.
Along with Zillow PreviewSM and Zillow ShowcaseSM, as well as consumer tools like its AI mode, Zillow is building a richer and more connected experience for everyone in the transaction. Buyers move from browsing to action, sellers reach the right buyers earlier and agents have the tools to guide their clients from preparation through closing.
Agents can learn more and get started at zillowpro.com.
About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.
As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.
Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.
Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.
1 Zillow data, full-year 2025.
2 Zillow Group monthly unique visitors divided by "real estate" unique visitors (as defined by Comscore) for December 2025.
3 Based on Zillow internal analysis comparing matched contacts with and without a My Agent Relationship.
4 Internal analysis suggests this reflects the higher intent of buyers who actively confirm an agent relationship, rather than the relationship status itself driving conversion.
Conference call to be webcast live at 2 p.m. PT / 5 p.m. ET
, /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG) today announced it will release second-quarter 2026 financial results after market close on Wednesday, Aug. 5, 2026. The company will host a webcast and conference call to discuss its results that afternoon at 2 p.m. PT / 5 p.m. ET.
Information about Zillow Group's financial results, including a link to the live webcast and recorded replay, will be available on the company's Investor Relations website at https://investors.zillowgroup.com/investors/financials/quarterly-results/default.aspx.
Please register for the live event here.
For more information about Zillow Group, visit https://investors.zillowgroup.com.
About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.
As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.
Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.
Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.
Zillow uvedl, že v červnu prodeje domů v meziročním srovnání vzrostly o 5,9 % a nové nabídky o 3 %, zatímco typická měsíční splátka hypotéky klesla o 2,5 %.
Lower mortgage costs and sales jump offer hope, even as inventory growth hits a three-year low
Home sales jumped 5.9% from last year, according to Zillow's June Market Report, reversing May's decline. New listings grew 3% annually after falling in May, though total inventory has nearly stalled after a long run of gains. Listing trends are diverging by price tier, with more inventory and sales for lower-priced homes. Lower mortgage rates helped push the typical monthly payment 2.5% below year-ago levels. , /PRNewswire/ -- Home sales jumped in June and mortgage costs fell further below last year's levels, offering some hope for a mild sales recovery this year, according to the Zillow® June Market Report.
Sales climbed 9.2% from May and are now 5.9% above year-ago levels, a trend reversal after sales fell on an annual basis in May. Affordability continued to improve, as well, with the cost of a typical mortgage down 2.5% from last year, before taxes and insurance. Mortgage rates are driving the improvement, down more than 20 basis points since last year, according to Freddie Mac. The typical U.S. home value of $372,057 is up just 1.1% from a year ago.
In another reversal from May, new listings rose 3% year over year, a sign that there may yet be some life left in this year's home shopping season. Total inventory rose again on a year-over-year basis, extending a long streak of gains. But the gain was just 0.9%, the smallest since December 2023.
"The market wrestled with some uncertainty throughout the spring shopping season, but mortgage rates declining from their mid-spring peak has added some extra heat as we head into an already toasty summer," said Mischa Fisher, chief economist at Zillow. "While the lowest price tiers are exhibiting some softness in terms of price, they also had the most listing-activity growth, the first time since 2022 that's been the case. While the divergence in sale price is notably 'k-shaped,' affordability gains did continue in June."
Home Values & Mortgage Payments
The typical U.S. home value is $372,057. The Zillow Home Value Index (ZHVI) rose 0.7% month over month in June. Home values are 1.1% higher than a year earlier. The monthly mortgage payment on a typical U.S. home is $1,884, assuming a 20% down payment and excluding taxes and insurance. That is 2.5% lower than last year. Inventory
There were 1.39 million homes for sale nationwide in June. Active inventory was 0.9% higher than a year earlier. Inventory rose 2% from May. New for-sale listings totaled 403,811 in June, up 3% from a year earlier and down 4.6% from May. Sales
381,125 homes were sold in June, according to the preliminary Zillow sales count nowcast. That is 5.9% higher than a year earlier and up 9.2% from May. These figures will be revised mid-month. Newly pending listings, which measures listings that changed from for-sale to pending status rather than closed sales, shows 7.6% growth from a year earlier and a 1.5% decrease from May. Competition
Homes took a median of 20 days to go pending in June. That was the same as a year earlier and two days slower than in May. The share of listings with a price cut in June was 25.8%. That was down from 26.6% a year earlier and up from 23.9% in May. 30.3% of homes sold above list price in May, the most recent data available. That's compared to 31.1% a year earlier and 28.3% in April. Rents
The typical rent nationwide is $1,965, according to the Zillow Observed Rent Index. That's 2.2% higher than a year earlier and up 0.4% from May. 39.7% of rental listings on Zillow offered a concession in June. That's up from 39.5% in May, and up from 35.2% a year earlier. Local data can be found on Zillow's market explorer. The Zillow July Market Report is expected to be released August 5.
Zillow June Market Report
Metro Area
Typical
Home
Value
Home
Value
Change:
MoM
Home
Value
Change:
YoY
Inventory
Change:
YoY
Sales
Count
Nowcast
Change:
YoY
Typical
Rent
(ZORI)
Rent
Change:
MoM
Rent
Change:
YoY
United States
$372,057
0.7 %
1.1 %
0.9 %
5.9 %
$1,965
0.4 %
2.2 %
New York, NY
$736,042
1 %
4.4 %
1.6 %
-4.3 %
$3,573
0.9 %
4.5 %
Los Angeles, CA
$965,867
0.2 %
0.6 %
-2 %
6.6 %
$2,927
0.2 %
1.5 %
Chicago, IL
$359,897
1.3 %
4.8 %
0.6 %
8.5 %
$2,275
0.7 %
5.2 %
Dallas, TX
$365,048
0.3 %
-2.5 %
-6.4 %
9.4 %
$1,673
0.2 %
0 %
Houston, TX
$307,273
0.2 %
-2 %
3.5 %
6 %
$1,648
0.3 %
-0.1 %
Washington, DC
$584,571
0.5 %
0.1 %
6.9 %
5.8 %
$2,448
0.2 %
0.1 %
Philadelphia, PA
$394,620
1.1 %
2.6 %
8.6 %
-0.6 %
$1,928
0.5 %
3.6 %
Miami, FL
$476,638
0.4 %
-1.2 %
-14 %
17.9 %
$2,695
0.1 %
1.2 %
Atlanta, GA
$381,729
0.3 %
-1.7 %
-0.9 %
-0.4 %
$1,854
0.6 %
1.9 %
Boston, MA
$744,972
0.9 %
2 %
12.2 %
8.7 %
$3,210
0.2 %
2.6 %
Phoenix, AZ
$445,343
0 %
-1.5 %
-3.4 %
8.9 %
$1,733
0.1 %
0 %
San Francisco, CA
$1,144,062
0.4 %
1.4 %
-15.3 %
10.9 %
$3,301
1.7 %
8.2 %
Riverside, CA
$584,574
0.1 %
-0.5 %
-7.5 %
7 %
$2,539
0.3 %
2.3 %
Detroit, MI
$270,689
1.1 %
2.4 %
9.2 %
0.6 %
$1,518
0.5 %
3.2 %
Seattle, WA
$742,220
0 %
-1.7 %
14 %
-1.1 %
$2,269
0.7 %
1.4 %
Minneapolis, MN
$394,234
0.8 %
2 %
15.9 %
7.9 %
$1,727
0.5 %
3.4 %
San Diego, CA
$940,304
0.3 %
0.1 %
-5.7 %
12.5 %
$2,991
0.4 %
1.7 %
Tampa, FL
$359,973
0.3 %
-2.1 %
-9.2 %
3.3 %
$2,020
0.1 %
-0.7 %
Denver, CO
$571,808
0.3 %
-2.1 %
-7 %
8.1 %
$1,930
0.6 %
-1.3 %
Baltimore, MD
$406,745
0.6 %
0.8 %
9.5 %
6.1 %
$1,936
0.3 %
2.2 %
St. Louis, MO
$280,017
1.2 %
3.4 %
7.3 %
5.6 %
$1,459
0.5 %
4 %
Orlando, FL
$385,766
0.1 %
-2.3 %
-5.1 %
14.3 %
$1,972
0.4 %
0.7 %
Charlotte, NC
$389,125
0.3 %
-0.4 %
8.8 %
-0.4 %
$1,750
0.3 %
0.5 %
San Antonio, TX
$278,941
0.1 %
-1.8 %
3.4 %
14 %
$1,416
-0.1 %
-1.8 %
Portland, OR
$551,911
0.5 %
-0.5 %
0.3 %
9.1 %
$1,805
0.4 %
0.4 %
Sacramento, CA
$582,799
0.4 %
-0.7 %
-7 %
15 %
$2,308
0.5 %
2 %
Pittsburgh, PA
$234,727
1.3 %
0.5 %
10.6 %
2.1 %
$1,523
0.4 %
3.6 %
Cincinnati, OH
$312,453
0.9 %
2.5 %
10.7 %
4 %
$1,583
0.1 %
2.8 %
Austin, TX
$424,110
0.1 %
-5.2 %
-7.1 %
16.3 %
$1,653
0.5 %
-1.7 %
Las Vegas, NV
$427,825
-0.1 %
-3.1 %
0.2 %
10.9 %
$1,748
0.3 %
0.3 %
Kansas City, MO
$331,552
1 %
3.8 %
0.3 %
5.5 %
$1,545
0.5 %
3.4 %
Columbus, OH
$334,559
0.9 %
1.4 %
7.5 %
22.1 %
$1,528
0.4 %
1.5 %
Indianapolis, IN
$296,207
0.6 %
1.1 %
11.3 %
14.1 %
$1,558
0.6 %
2.5 %
Cleveland, OH
$254,986
1.4 %
4 %
11.9 %
10.4 %
$1,474
0.4 %
4 %
San Jose, CA
$1,579,943
-0.5 %
-0.9 %
0.4 %
1.9 %
$3,729
1.5 %
6.2 %
Nashville, TN
$456,355
0.4 %
-0.6 %
8.3 %
8.7 %
$1,810
0.6 %
0.4 %
Virginia Beach, VA
$376,903
0.8 %
2.8 %
2.9 %
3.9 %
$1,878
0.5 %
5.5 %
Providence, RI
$531,763
1.2 %
3.6 %
4 %
7.1 %
$2,172
0.4 %
3.5 %
Jacksonville, FL
$352,624
0.4 %
-0.8 %
-14.9 %
2.9 %
$1,708
0.5 %
1.2 %
Milwaukee, WI
$393,554
1.3 %
5.3 %
6.6 %
9.5 %
$1,552
0.5 %
4.2 %
Oklahoma City, OK
$247,292
0.5 %
1 %
6.4 %
9.5 %
$1,393
0.3 %
2.8 %
Raleigh, NC
$436,249
0.2 %
-1.9 %
11 %
17 %
$1,689
0.3 %
0.3 %
Memphis, TN
$246,954
0.4 %
0.1 %
13.5 %
-7.3 %
$1,435
0.1 %
0.7 %
Richmond, VA
$399,039
0.8 %
2.7 %
4 %
11.6 %
$1,772
0.5 %
3.3 %
Louisville, KY
$283,500
0.7 %
1.5 %
20 %
12.6 %
$1,385
-0.1 %
2.3 %
New Orleans, LA
$264,193
0.6 %
2.5 %
-2.6 %
0.6 %
$1,617
0.3 %
0.8 %
Salt Lake City, UT
$566,343
0.3 %
1.3 %
1.2 %
17.5 %
$1,638
0.4 %
0.6 %
Hartford, CT
$407,270
1.6 %
5.4 %
1.5 %
4.9 %
$2,013
0.4 %
3.1 %
Buffalo, NY
$294,112
1.8 %
4.5 %
18.6 %
-2.9 %
$1,461
0.3 %
3.1 %
Birmingham, AL
$263,437
0.8 %
2.3 %
3 %
2.4 %
$1,462
0.3 %
1.2 %
*Table ordered by market size
Forward-looking statements
This press release includes forward-looking statements about future housing market conditions, mortgage rates, rental trends and other economic factors. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially due to changes in economic and market conditions. Forward-looking statements speak only as of the date of this release, and Zillow Group undertakes no obligation to update them.
About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.
As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.
Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.
Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.
Zillow spustil personalizované centrum, které vede kupující od rozpočtu až po uzavření transakce. Přidal také Verified Pre-approval, sdílené kolekce a Zillow Preview pro prodávající.
Summer Launch 2026 introduces four new products to help buyers plan, finance and find a home, and give sellers more exposure before their listing goes live
, /PRNewswire/ -- Today, Zillow® is launching a personalized hub that guides home buyers through every step of their purchase in real time. In addition, three new features have been designed to give buyers and sellers more clarity at every stage of the transaction.
Today, Zillow® is launching a personalized hub that guides home buyers through every step of their purchase in real time. In addition, three new features have been designed to give buyers and sellers more clarity at every stage of the transaction.
Zillow's new personalized hub guides buyers through four milestones: setting a budget, finding a home, making an offer and closing the deal. It brings together goals, finances, tasks, documents, and the agent and lender a buyer is working with, all in one place.
Now buyers have a way to shop with Zillow Home Loans Verified Pre-approval, with that pre-approval connected directly to a buyer’s home search. Buyers will clearly see whether a listing is a match or is out of their price range as they browse.
The new shared collection feature replaces that with a single shared workspace inside Zillow, where buying partners can save, organize and compare homes together in real time, with any update immediately visible to both people, across iOS, Android and the web.
Zillow Preview gives soon-to-be sellers the opportunity to hire an agent to show their listing to the broadest online audience possible before it actually goes on the market. During this window, the home appears in every buyer’s regular Zillow search, with a Preview label.
Zillow's new personalized hub guides buyers through four milestones: setting a budget, finding a home, making an offer and closing the deal. It brings together goals, finances, tasks, documents, and the agent and lender a buyer is working with, all in one place.
Now buyers have a way to shop with Zillow Home Loans Verified Pre-approval, with that pre-approval connected directly to a buyer’s home search. Buyers will clearly see whether a listing is a match or is out of their price range as they browse.
The new shared collection feature replaces that with a single shared workspace inside Zillow, where buying partners can save, organize and compare homes together in real time, with any update immediately visible to both people, across iOS, Android and the web.
Zillow Preview gives soon-to-be sellers the opportunity to hire an agent to show their listing to the broadest online audience possible before it actually goes on the market. During this window, the home appears in every buyer’s regular Zillow search, with a Preview label.
The median home search for a buyer takes from three to four months, involves countless conversations with an agent and lender, and culminates in gathering documents at a few days' notice, all while tracking a budget on a spreadsheet. It's a process that moves more than half of buyers to tears, according to Zillow research. And today's market conditions aren't making it any easier. Buyers, nearly half of whom are first-timers, are navigating a market where the housing recovery is "back on pause," with mortgage rates climbing past 6.5%, adding more uncertainty to an already complex process.
Now, Zillow is giving buyers a clearer path forward: a single place where everything comes together. The new personalized hub guides buyers through four milestones: setting a budget, finding a home, making an offer and closing the deal. It brings together goals, finances, tasks, documents, and the agent and lender a buyer is working with, all in one place. And all of those details update automatically as the journey evolves, so buyers always know where they stand and what to do next.
"Zillow has spent 20 years turning on the lights in real estate, giving buyers and sellers access to information they'd never had before," said Jeremy Wacksman, Zillow's chief executive officer. "The next frontier is the journey itself: the financing, the coordination, the offer, the closing. For the first time, every home shopper on Zillow has a single place that brings it all together, so instead of wondering what comes next, they always know exactly where they are and what to do."
Personalized moving hub: A clear path from first search to closing
Home shoppers start by answering a single question, "Are you buying, selling, both, or just browsing?" From there, they receive a personalized plan.
The hub immediately displays:
BuyAbility℠: This personalized, real-time affordability tool helps buyers understand the range of home prices and monthly payments that may fit their financial situation. They can then use that guidance to shop for homes that are realistically within reach. That information is updated with live mortgage rates. Local market insights: This includes market conditions, median days to pending, active listings and a one-year price forecast. The shopper's team: If a buyer is already working with an agent and loan officer, those contacts are given in this view. If the buyer doesn't have a team, the hub brings up Agent Finder to connect them with an agent in their area. From there, buyers are guided through four milestones: setting a budget, finding a home, making an offer and closing the deal. The hub shows buyers which areas to focus on and lists the steps to follow below each milestone. Progress is updated automatically — when a buyer gets pre-approved, the hub moves forward; when they go under contract, closing tasks appear.
The hub is available now on iOS and Android, and will be coming soon to Zillow.com.
Three additional Summer Launch features give buyers and sellers the tools to plan their move
Zillow's Summer Launch goes beyond offering the personalized moving hub with the addition of three new features designed to help buyers and sellers move forward during those moments that matter most.
"Every feature in our Summer Launch was designed around a specific moment when buyers lose clarity or momentum," said Christopher Roberts, chief product officer at Zillow. "The hub gives buyers confidence by making a complex process easier. The shared collection feature helps partners collaborate on their home search, and the ability to shop with Verified Pre-approval shows buyers what they can actually afford on every listing, not just the list price. Zillow Preview opens the pre-market to every buyer, not just those in a certain network. Together, these features remove the friction that makes the home-buying process so hard."
Zillow Preview
Zillow PreviewSM gives soon-to-be sellers the opportunity to hire an agent to show their listing to the broadest online audience possible before it actually goes on the market. During this window, the home appears in every buyer's regular Zillow search, with a Preview label.
Buyers can now filter specifically for Preview listings. Once they find a home they're interested in, they can save it, pre-book a tour or use the time to get pre-approved — signals that indicate serious buyer interest. Sellers get real-time engagement data on views, saves and tour requests to refine their list price and strategy before their listing is fully active. Preview is available through more than 1,200 participating brokers nationwide.
With Zillow Preview, no private network is required. But sellers who decide to go the private-network route pay a price: They lose access to the full buyer pool and net 1.5% less on their sale, which could amount to more than $30,000 in high-cost markets, according to Zillow research. A Zillow survey conducted by The Harris Poll finds that 85% of soon-to-be sellers would be more likely to hire an agent who can show their listing to the broadest online audience before putting it on the market.
Shop with Zillow Home Loans Verified Pre-approval
Most buyers lack financial clarity when they start their home search. Only 28% of prospective buyers who plan to finance have been pre-approved before they begin their search, and about half don't know what pre-approval means, according to Zillow research.
Now buyers have a way to shop with Zillow Home Loans Verified Pre-approval, with that pre-approval connected directly to a buyer's home search. Buyers will clearly see whether a listing is a match or is out of their price range as they browse.
A home costs more than its list price. That's why taxes, insurance, HOA fees and closing costs are factored into Verified Pre-approval, so buyers understand why a higher-priced home may still fit within their means, or a lower-priced one may not. Zillow Home Loans is the only lender to integrate financing directly into the home search in this way, with the buyer's loan officer accessible throughout the process.
Shared collection
Most people buying a home aren't doing it alone. More than half of buyers in 2025 purchased their home with a partner, according to Zillow research, and for most of them, coordinating their search consisted of texting screenshots and forwarding listing links. The new shared collection feature replaces that with a single shared workspace inside Zillow, where buying partners can save, organize and compare homes together in real time, with any update immediately visible to both people, across iOS, Android and the web.
Tech momentum at Zillow keeps growing
Today's launch is the latest move by Zillow to streamline the home-buying process and build consumer confidence throughout the full transaction.
In summer 2025, the company introduced SkyTour, an interactive 3D exterior home tour built on Gaussian splatting technology originally developed by the gaming industry; and Offer Insights, a tool that shows buyers in real time how competitive different offer prices might be. In fall 2025, Zillow launched in-app messaging for co-shoppers, AI-powered virtual staging on ShowcaseSM listings, and an integrated closing dashboard, connecting the front end of the search with the back end of the transaction.
Earlier this year, Zillow launched Zillow AI mode, a conversational AI experience built directly into the app that lets buyers and renters ask questions in plain language, explore neighborhoods, compare affordability and book tours without leaving Zillow. Now available to a growing number of users, it will be expanding throughout the year.
About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.
As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.
Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.
Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime® and dotloop®.
