Demand for Properties Continued to Expand Faster than Supply

Buyer demand for residential homes continued to outpace supply in February. The Buyer Traffic Index rose to 64 while the Seller Traffic Index essentially stayed at 39 based on information in the February REALTORS® Confidence Index (RCI) Survey.

In many areas of the country REALTORS® reported low inventory levels of homes for sale. Tight inventory conditions have been cited as leading to higher prices and reduced time on market.