According to Redfin’s Housing Demand Index, fewer people are touring homes, and those who are have less to choose from but are still making offers.
The index posted its smallest annual increase of the year, inching up by 0.3 percent to 93 in September from 92 last year.
“After three years of unsustainable growth in home values, customers are reaching the limits of what they can or will spend. They’re also stymied by a lack of options, with too few houses to choose from,” Redfin reports.
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