One-Third of Homes Sold Were Under Contract in a Week

A recent report from Redfin says that as of late October, a third of homes sold went under contract within seven days of hitting the market – and they say that rate has been in the rise for 6+ weeks. In addition they point out that their Homebuyer Demand Index (measuring requests for home tours and other home-buying services) rose 1.2 points during the week ending October 24, and was up 10% from a year earlier. Continue reading HERE...