Buyers Undeterred by Inventory Shortage; Home Tours and Offers Continue to Rise

After an extremely strong January, tours and offers continued climbing in February, despite a continued decline in new listings and increasing frustration among buyers. As more buyers begin searching for a home, they find themselves competing for fewer homes for sale, resulting in high levels of activity on nearly every well-priced home that hits the market.
For the full report including data tables, charts, and a downloadable spreadsheet with historic data, visit the Real-Time Demand Pulse in Redfin’s Research Center.

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Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the “Dispatches from the Multiverse” improvised comedy sci-fi podcast.

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