BUYERS REJOICE! REDFIN’S NEW HOUSING INDEX DEMAND SUGGESTS HOME PRICE GROWTH WILL SLOW IN AUGUST

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Redfin, the next-generation real estate brokerage, today announced that U.S. homebuyer demand, an early indicator of housing-market performance, was up 13 percent year over year in June. This is according to the Redfin Housing Demand Index, which debuted today at a level of 113, with a baseline of 100 starting in January 2013. Although June demand is up compared to last year, it’s a smaller increase than in previous months.

In 2015, the Demand Index followed a similar seasonal pattern to previous years, increasing from January to April, then beginning to decline. However, this year’s 6.7 percent decline from May to June is steeper than the 3.9 percent decrease for the same period in 2014. The Demand Index is based on millions of visits to Redfin.com home listing pages, and thousands of Redfin customers requesting home tours and writing offers in 15 major metro areas. 

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

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