Buyers Undeterred by Inventory Shortage; Home Tours and Offers Continue to Rise

The Redfin Real-Time Demand Pulse: a monthly analysis of tour and offer activity from thousands of home buyers across 20 U.S. markets, months in advance of completed sales, and the only report in the industry that analyzes offer and tour data.

After an extremely strong January, tours and offers continued climbing in February, despite a continued decline in new listings and increasing frustration among buyers. As more buyers begin searching for a home, they find themselves competing for fewer homes for sale, resulting in high levels of activity on nearly every well-priced home that hits the market.

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.