REALTORS® Confidence Index
The REALTORS® Confidence Index is a key 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. In addition, the "Questions of the Month," feature results of a timely aspect of the housing market.
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Highlights:
- Amid sustained job creation and still historically low mortgage rates, REALTORS® reported strong homebuying demand in June 2017.
- Properties continued to sell at a brisk pace, and homebuyers faced higher prices as supply remained low relative to demand.
- More REALTORS® expect “strong” than “weak” market conditions in the next six months compared to current market conditions.
- Fifty-four percent of properties were on the market for less than one month when sold, compared to 48 percent in the same month one year ago.