The Zillow Group has announced that it is selling approximately half of the nearly 18,000 homes in the now closed Zillow Deal Program, which was once a major direct buyer in the country.
The company announced last month that it would terminate Zillow’s services on Ibuying. This left the thousands of properties he already owned or agreed to buy in limbo.
At the end of October, records showed that Zillow had 9,790 units in stock and 8,172 units under contract, with nearly 18,000 properties downgraded.
Zillow said last week that it had made “significant progress” in liquidating and selling inventory that Zillow had offered for sale, or had entered into sales contracts or agreed to terms for more than half of the homes Zillow had sold.