The number of homes that went under contract the week ending July 18th, 2020 surpassed the numbers for the previous week, and pending sales increased almost 11% week over week, according to Zillow's Weekly Market Report. However, pending sales are still 2.4 percent down from the previous month.
Properties are leaving the market quickly (many within just 15 days), and new listings remain scarce. New listings are down about 15% year over year. As a result of all this, there are 25.5 percent fewer homes on the market now than the same time last year.
Sources for this information are Zillow and Inman News.