Zillow ( NASDAQ: Z / NASDAQ: ZG ) ended last week on a strong note, with earnings better than feared for the online real estate site. Momentum for Zillow has been strong, with shares up over 20% from February's high, after rallying over 200% since March. While Zillow is seeing accelerated trends within home-buying, pent up demand leading to rising home prices could weaken that shift slightly, and end Zillow's overperformance. Zillow's growth story was arguably hit hard by the pandemic, with the lockdown orders causing a sharp shift down in home sales from March to May. Zillow also had to pause operations in its own buying and selling segment, Zillow Offers, which is now up and running again in all 24 cities after about 5 months of inactivity. Diving into home sales, Zillow is capitalizing on the rebound in existing and new home sales during the second quarter.