Market Update: Demand for homes is high, but market needs more listings!
January 2, 2018 |
Redfin Housing Demand Index fell 6.2 percent from October to November
- “The Redfin Housing Demand Index fell 6.2 percent from 136 in October to 127 in November. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers.”
- “The seasonally adjusted number of buyers requesting home tours fell slightly by 1.9 percent, while the number making offers fell 14.7 percent.”
- “While demand softened month over month, the story is different looking at year-over-year numbers. Compared to last year, the Demand Index increased 29.1 percent in November.”
- “The number of buyers requesting tours increased 41.3 percent, and 10.5 percent more wrote offers.”
- “Demand has consistently remained about 30 percent higher than last year’s levels since May.”
Summary, the market has lots of buyers looking to make a move but not enough inventory for those buyers
to find what they are looking for. This is great news for sellers in 2018. If you get your property listed now and beat the rush of spring sellers your property will sell faster and for a higher profit because there just as much
competition. Are you ready? We are here to help! We are scheduling FREE listing consultations now! Let's chat. 785-213-5188 or email email@example.com
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