Redfin’s Housing Demand Index increased in July after consecutive declines in May and June.
The index is based on the rates of home tours requests and writing offers from Redfin customers. July’s spike was caused by a 14.3 percent rise in home tour requests.
The Index, which sits at a seasonally adjusted level of 94, is down from 108 from July of last year. A score greater than 100 is considered above average.