Zillow predicts home sales will likely plunge in the wake of the coronavirus pandemic but will recover by end of 2021.

  • Zillow predicts sales will plummet by up to 60%.
  • Prices will likely experience a slighter slide and quicker recovery with prices expected to drop no more than 3% by the end of 2020.
  • Home sales should increase by about 10% each month through 2021.
  • Zillow said, “Much uncertainty still exists, particularly with some states beginning to reopen and experts warning of a possible second wave of the coronavirus in the fall. However, housing fundamentals are strong, much more so than they were leading into the Great Recession, and that bodes well for housing in general.”