Redfin: Homebuyer Demand Grew in April

Tech-centric real estate broker publishes latest findings

Caroline Bennett
Caroline Bennett
May 8, 2013 at 3:23PM

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.