"The virtual home tour is here to stay," said Redfin chief economist
Video tours with a Redfin agent have surged this year, from less than 1% of Redfin tour requests at the beginning of 2020 to about 1 in 10 today. Similarly, monthly views of 3D walkthroughs on Redfin.com have increased 563% since February.
"Live-video home tours have gone from futuristic fantasy to an everyday part of the homebuying process," said
Much of this virtual homebuying activity is being fueled by a surge in migration as remote work becomes much more common. In 2020, 27.8% of Redfin.com users were looking to relocate, an all-time high and up 2.3 percentage points from 25.5% in 2019.
To read the full report, please visit: https://www.redfin.com/news/remote-homebuying-surges-to-new-high/
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