Redfin Demand Pulse Predicts Strong August Sales and a Softer September

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Four weeks ago we launched the Real-Time Demand Pulse; a monthly report on our brokerage’s touring and offer activity from thousands of home-buyers across 18 U.S. markets.

Redfin is the only major real estate broker capturing tour and offer data in one location, which enables us to project U.S. homes sales volume months in advance of completed sales, and before any other index or industry report.

With another month behind us, let’s take a look at home-buying demand in July throughout the country, and how this demand relates to home sales into August and September.

As the frenzied spring housing market begins to cool, Redfin’s tour and offer data suggest that while sales volume may fall off in the mid to late summer a little more quickly than last year, it will likely remain above last year’s levels for the next few months.

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.

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tim-ellisredfin-com

Senior Data Journalist / Real Estate Analyst

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improv comedy sci-fi podcast.

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