Home Offers and Tours Come in Weak at the Close of 2012

The Redfin Real-Time Demand Pulse shows mixed signals from December: the trend in tours last month was a little stronger than a year ago, but the trend in offers was a little weaker.
It seems that the few buyers who were willing to spend their holidays house hunting were hopeful as they toured homes for sale, but ended up disappointed in what they found, leading to offers falling faster than a year ago. January will set the tone for 2013, so we’ll be keeping an especially keen eye on the data this month. For the full report including data tables, charts, and a downloadable spreadsheet with historic data, visit the Real-Time Demand Pulse in Redfin’s Research Center.