The Redfin Real-Time Demand Pulse: a monthly analysis of tour and offer activity from thousands of homebuyers across 20 U.S. markets, months in advance of completed sales, and the only report in the industry that analyzes offer and tour data.
January 2013 Redfin Real-Time Demand Pulse (December data)
The Redfin Real-Time Demand Pulse shows mixed signals from December: the trend in tours last month was a little stronger than a year ago, but the trend in offers was a little weaker.
It seems that the few buyers who were willing to spend their holidays house hunting were hopeful as they toured homes for sale, but ended up disappointed in what they found, leading to offers falling faster than a year ago. January will set the tone for 2013, so we’ll be keeping an especially keen eye on the data this month. For now, feel free to download the spreadsheet if you’d like to dig into December’s data for yourself.
Buyers Making Offers to Buy a Home
|Redfin Customers Signing Offers||2011||2012|
|December 2 – 29 vs. Four Weeks Prior||-10.5%||-17.5%|
|December 23 – 29 vs. Prior Week||-33.1%||-38.4%|
Buyers Touring Homes for Sale
|Redfin Customers Requesting Tours||2011||2012|
|December 2 – 29 vs. Four Weeks Prior||-11.3%||-7.0%|
|December 23 – 29 vs. Prior Week||+18.9%||-7.8%|
The full Demand Pulse index data is available for download in a spreadsheet, where you can check out four years worth of trends.
Be on the lookout later this week for the Redfin Real-Time Home Price Tracker, the industry’s earliest report on what happened to real estate prices around the nation in the month of December.