EXCERPT: “New listings of high-end homes dropped the farthest and fastest when the coronavirus pandemic hit the U.S., while affordable listings were less affected, a new Zillow analysis shows. But as new listings have increased in recent weeks in response to strong buyer demand, more high-end homes are coming onto the market than any other type. New listings of the most-expensive homes — the top fifth of the market — were the first to drop off and fell below last year’s rate before homes in other price tiers. Expensive homes also had the steepest fall of any price tier, dropping 51.4% below last year by mid-April. Meanwhile, listings of the most-affordable homes — where there typically is the tightest inventory — have fallen 32.1% year over year at their lowest point. The number of new for-sale listings overall has shown improvement, up 5.9% last week from the previous week. New listings of the most-expensive homes — after dropping the most in March — are now seeing the biggest resurgence, up 8%. The uptick is likely a sign sellers are feeling more confident because of improving buyer demand, as newly pending sales have also jumped up during the same period.” FULL STORY: https://fluence-media.co/3fFb5ml