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REALTORS® Confidence Index

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REALTORS® Confidence Index

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.

RCI September 2020 Highlights

  • Properties typically sold in 21 days.
  • REALTORS® reported conducting more home tours, with an average of nearly five in-person home tours compared to only two new listings per agent.
  • 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.
  • Rising prices are cutting into affordability. The share of first-time buyers decreased to 31% of existing home sales (33% one year ago).

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.

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