Technology-powered real estate broker Redfin issued its second Real-Time Demand Pulse, the only report in the industry that analyses offer and tour data. The report showed that signed home offers from its customers were flat for the first four weeks of July compared to the four weeks prior. The number of customers requesting home tours increased more than 3 percent over the same time-frame. Last year at this time, offers declined 2.2 percent and tours were up 5.6 percent.

Based on this information, Redfin expects U.S. home sales in August and September to increase modestly compared to last year.

"Redfin tour and offer volume in July showed predictable seasonal slowing, but 2012 continues to outperform 2011," said Tim Ellis, Redfin's Real Estate Analyst.  "Based on our early indicators of home sales demand, we expect August to come in strong, with some slight declines to follow in September."

The complete Redfin Real-Time Demand Pulse is available at:

http://blog.redfin.com/blog/2012/08/redfin_demand_pulse_predicts_strong_august_sales_and_a_softer_september.html