Redfin Reports September Was a Turning Point For Demand, With Pending Home Sales Flat After 9 Months of Declines and Tours Hitting Highest Level Since April

SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) — Pending U.S. home sales were flat from a year earlier during the four weeks ending September 29, marking the first time since January pending sales didn’t decline. That’s according to a new report from Redfin, the technology-powered real estate brokerage. It’s worth noting that we’re comparing to a period last year when sales slumped as mortgage rates surged into the mid-7% range. Pending sales increased year over year in 27 of the 50 most populous U.S