Consumer demand to purchase housing increased slightly in September, compared to a year earlier, according to Redfin.
The demand to purchase a home rose 0.3% to 93 on the Redfin Housing Demand Index. The index is a measure of homebuyer activity prior to purchase and is based on visits to Redfin's home listings pages and on home tour requests and writing offers in 15 metropolitan areas.
The number of Redfin customers who wrote offers rose 10% in September. The number of Redfin customers who requested a home tour slowed to 23% in September from 31% in August.
The figures suggest that homebuyers are frustrated by a lack of housing supply and high prices, Redfin said. However, overall levels of home equity suggest that potential sellers are in a good position to make a move.
"We're bullish on sales for the remainder of 2015," said Nela Richardson, Redfin chief economist. "Though we think buyers have had enough of over-the-top pricing."
