The number of Redfin customers touring homes and making offers both continued to post stronger monthly gains in April this year compared to last year, pointing toward additional gains in May and June sales.
As is typical this time of year, the housing market began to lose some steam in October, according to tour and offer data in Redfin’s Real-Time Demand Pulse. The month-over-month change in the number of Redfin clients touring homes and writing offers in October 2012 was nearly the same this year as last.
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.
Redfin is publishing demand data from our own business in a new monthly analysis of thousands of customers touring homes and signing offers with Redfin agents across 18 U.S. markets.