SEATTLE—Redfin has a report showing an increase of just 0.3% to 93 in September 2015 from 92 a year earlier, the smallest annual increase so far this year.
The Redfin Housing Demand Index is the industry's first and only measure of homebuyer activity prior to purchase, and is based on millions of visits to Redfin.com home-listing pages and thousands of Redfin customers requesting tours and writing offers in 15 major metro areas.
In September, the number of Redfin customers writing offers was up 10% from last year for the second month in a row. Meanwhile, growth in the number of customers requesting home tours slowed to 23% from 31% in August. That's a change from the summer when Redfin reported that more people were touring homes but fewer were making offers.
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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.
