Housing Demand Index Dips from January's Record High
The Redfin Housing Demand Index decreased 8.5 percent from January’s record high, to a seasonally adjusted level of 118 in February, according to national realtor Redfin.
Despite the dip from the previous month, this was the strongest February for homebuyer demand since at least 2013, the first year measured by the index. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. A level of 100 represents the historical average for the three-year period from January 2013 to December 2015.
