Year-End Slowdown Begins with Sluggish Tours & Offers in October as Record-Low Inventories Continue - Redfin Real Estate News

Year-End Slowdown Begins with Sluggish Tours & Offers in October as Record-Low Inventories Continue

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Updated on October 6th, 2020

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. Offers fell 3.8 percent from a month earlier, nearly the same as the 3.7 percent drop over the same period a year earlier. Tours decreased 3.0 percent from the prior month, compared to a loss of just 0.5 percent in 2011.
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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Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.

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