While the amount of people looking to buy a home declined in November compared with October, the fall-off was less than it was for the same month in 2012, Redfin’s latest real-time demand survey finds.
Normally demand declines in November as potential buyers switch their focus to holiday shopping.
There were 7% fewer Redfin customers requesting house tours in November over October, versus an 11% drop in the same period last year.
At the same time 11% fewer customers signed offer sheets during the month, but this is an improvement over the 14% month-to-month decline in 2012.
During Thanksgiving week, tours were down 28% from the previous week and offers down 23%. The Mortgage Bankers Association reports a
