September was a good month for homebuyers seeking relief from rising prices, but data released this week by Redfin suggests that may be short-lived.
There are early signals that demand is picking back up again in the first weeks of November, the real estate brokerage said.
"The severe lack of inventory is restricting home sales," Redfin Chief Economist Daryl Fairweather said in prepared remarks. "Even though plenty of people bought homes last year, many homebuyers waited while the pandemic went from bad to worse and remote-work policies were finalized. The homebuyers who are just beginning their search are finding that the well has run dry."
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