Inventory Shortage Crimps Growth in Tours; Offers Unfazed

by Real estate financingMission+
1 minutes read

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. With so few homes available to buy, touring strength was softened somewhat. Monthly growth in tours came in less than a point above last year’s level. Meanwhile, offers continued to grow at a faster clip than last year, with monthly growth more than 5 points above 2012, indicating continued determination from buyers in the face of near record-low inventory.
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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