Redfin: Homebuyer Demand Grew in April

Tech-focused real estate broker Redfin released its Real-Time Demand Pulse for April this week, evaluating data for home tours and offers by its customers. According to the report, April showed some promising signs for consumer interest in housing and real estate.

The number of people touring homes rose 0.6% from March to April, much improved from a 0.3% drop from March to April 2012. The number of home offers was also up 7% since March, according to the company, versus a 4.4% gain in March-April of last year.

According to Redfin, the boost in touring homes and making offers suggests potential for rising house sales volumes for May-June. The latest numbers are much lower than they were for March, however, when month-to-month Redfin saw a 9% gain in customers taking tours and a 22% gain in people making offers. Redfin believes the drop in demand has been caused by a shortage in inventory across the broker's markets.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2418034, ~/Articles/ArticleHandler.aspx, 9/29/2016 9:54:59 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 39 minutes ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes