Economists' Outlook

Housing stats and analysis from NAR's research experts.

Inventory Conditions Improve Slightly But Still Lags Demand in May

In May, REALTORS® generally reported strong buyer demand against a low but slightly improving inventory. The Buyer Traffic Index rose to 72, well past the mark of 50 that delineates “moderate” conditions. The Seller Traffic Index registered at 43 (41 in April).

There were reports of slightly improving inventory conditions although in many areas of the country, REALTORS® reported low inventory levels of homes for sale with not enough REOs and listings coming into the market. Tight inventory conditions have been cited as leading to higher prices and reduced time on market. The information is based on the May REALTORS® Confidence Index (RCI) Survey.

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.


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.