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.