Housing demand fell 5% in April after year of dwindling home supply

redfin-national-housing-market-trackerRachel Musiker | Redfin

The Redfin Housing Demand Index fell 4.9 percent to 118 in April, the fifth consecutive month of year-over-year declines. Early stage demand strengthened, with the number of Redfin customers requesting tours up 19.8 percent year over year, up from the 17.7 percent increase recorded in March. The late stage is where demand slid, with a 6.7 percent year-over-year drop in the number of customers writing offers in April.

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