SEATTLE—After a sluggish start to 2014, homebuyer demand is starting to bounce back, according to Redfin, the technology-powered real estate brokerage, which recently issued its Real-Time Demand Pulse, the only report in the industry that analyzes housing market demand based on home tour and offer data.
Between February and March, the number of Redfin customers touring homes rose 11.1%, the biggest March gain since 2011. Redfin clients signing offers grew 19.7% from February.
This boost in demand is a positive sign for May sales, but Redfin cautions that this year's March numbers weren't affected by the Easter holiday, as they were last year. This, combined with weak demand in February, made March look even rosier by comparison.
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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.
