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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 market transactions.

Highlights

  • 72% of respondents reported that properties sold in less than one month. This is down slightly from 74% a month ago and down from 81% in August 2022.
  • Homes listed received an average of 3.2 offers, up slightly from 3.0 last month and up from 2.5 offers in August 2022.
  • First-time buyers represented 29% of buyers, down slightly from 30% in July 2023 and flat from 29% in August 2022.
  • 27% of buyers had all-cash sales, up slightly from 26% last month and up from 24% in August 2022.

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.

Historical REALTORS® Confidence Index data can be obtained through the REALTOR® Store.

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