Economists' Outlook

Housing stats and analysis from NAR's research experts.

REALTOR® Confidence in Residential Markets - Up Significantly

The most recent REALTORS® Confidence Index indicates that REALTOR® confidence in residential market conditions is up - substantially. The index is an indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Respondents indicate whether conditions are, or are expected to be, "strong" (100 points), "moderate" (50 points), or "weak" (0 points). The results are the average score for each question. A score of 50 is the threshold between a "strong" and a "weak" condition. This month’s reading was a significant increase, indicating a major change in confidence in recent weeks - residential markets headed in the right direction.

  • Confidence in Single Family current market conditions at 37.2 vs. 27.0 a year ago.
  • Confidence in Single Family market conditions outlook over next 6 months at 46.1.
  • Confidence in Townhouse current market conditions at 22.5 vs. 13.3 a year ago.
  • Confidence in Townhouse market conditions outlook over next 6 months at 28.7.
  • Confidence in Condo current market conditions at 17.9 vs. 10.1 a year ago.
  • Confidence in Condo market conditions outlook over next 6 months at 23.4.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

Advertisement

Comment Policy

The opinions expressed in reader comments sections on this website are those of the reader and not NAR or REALTOR® Magazine.

About Economists' Outlook

Visit this blog daily to see what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.

Housing Minute

Housing Minute is a monthly video series highlighting the latest housing data from the National Association of REALTORS® in a minute or less.