SEATTLE-Redfin, the technology-powered real estate brokerage, has issued its Real-Time Demand Pulse. The company says it is the only report in the industry that analyzes home tour and offer data. The report showed:
-- In May, the number of customers touring homes fell 3.0% from April,
compared to a 2.2% loss between April and May in 2012.
-- Home offers decreased 2.1% from April to May, a slightly larger decline
than last year's 1.1% drop.
-- During the last week of May, tours were down 0.9% week over week,
compared to a 1.9% week-over-week increase during the same period last
year.
-- Week-over-week offers in May declined 24.1%, compared to a 30.4% drop
last year, the only metric in this report that improved. The
double-digit drops are expected from week three to four in May because
of lighter activity over Memorial Day Weekend.
May 5 - June 1
Vs. Four Weeks
Prior 2012 2013
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Home Tours -2.2% -3.0%
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
