REALTORS® Confidence Index
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The REALTORS® Confidence Index (RCI) survey gathers on-the-ground information from REALTORS® based on their real estate transactions in the month. This report presents key results about August 2020 market transactions.
Several metrics indicate the continued rebound of the housing market in August. The REALTORS® Buyer Traffic Index improved in August to 76 (very strong conditions) after reaching 71 (moderately strong conditions) in July. First-time buyers accounted for 33% of existing home sales. Properties typically sold in 22 days. REALTORS® reported conducting more home tours, with an average of four in-person home tours, almost twice the average number of two listings. Every home sold had three offers. On average, REALTORS® expect sales in the next three months to slightly increase from last year’s sales level.
Note: the REALTOR® Confidence Index is provided by NAR solely for use as a reference. Resale of any part of this data is prohibited without NAR's prior written consent.