Redfin’s Homebuyer Demand Index hits highest level in 15 months

According to Redfin, the number of people reaching out for home-buying and selling assistance rose by 17% year-over-year in mid-November, propelling its Homebuyer Demand Index to its highest point since August 2023. This is the largest annual increase since January 2022. ### **Key Market Trends (Four Weeks Ending November 17th):** - **Mortgage applications**: +2% week-over-week - **Pending sales**: +4.5% YOY - **New listings**: +0.4% YOY - **Total inventory**: +11.8% YOY ### **Our Take** This activity reflects pent-up demand, particularly among first-time buyers who delayed purchases until after the election. Despite high mortgage rates, the market is seeing renewed buyer and seller engagement, signaling potential growth. However, it’s unclear whether this uptick is temporary or the start of a longer-term trend. **Contact Westside Los Angeles Luxury Real Estate Broker Abdo Pierre Faissal at Nourmand & Associates for more information:** 📞 310-620-1038 📧 [email protected] facebook-letter-logo x-logo linkedin-logo pinterest-logo [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fapfreg.com%2Fredfins-homebuyer-demand-index-hits-highest-level-in-15-months%2F) [X](https://x.com/intent/post?url=https%3A%2F%2Fapfreg.com%2Fredfins-homebuyer-demand-index-hits-highest-level-in-15-months%2F&text=Redfin%E2%80%99s+Homebuyer+Demand+Index+hits+highest+level+in+15+months) [Pinterest](https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fapfreg.com%2Fredfins-homebuyer-demand-index-hits-highest-level-in-15-months%2F) [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fapfreg.com%2Fredfins-homebuyer-demand-index-hits-highest-level-in-15-months%2F&title=Redfin%E2%80%99s+Homebuyer+Demand+Index+hits+highest+level+in+15+months&summary=According+to+Redfin%2C+the+number+of+people+reaching+out+for+home-buying+and+selling+assistance+rose+by+17%25+year-over-year+in+mid-November%2C+propelling+its+Homebuyer+Demand+Index+to+its+highest+point+since+August+2023.+This+is+the+largest+annual+increase+since+January+2022.+Key+Market+Trends+%28Four+Weeks+Ending+November+17th%29%3A+Mortgage+applications%3A+%2B2%25+week-over-week+Pending+sales%3A+%5B%E2%80%A6%5D)