REALTORS® Confidence Index
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The REALTORS® Confidence Index (RCI) survey gathers monthly information from REALTORS® real estate transactions to provide on-the-ground market information. This report presents key results about June 2020 market transactions.
Several metrics indicate the continued rebound of the housing market in June. First-time buyers accounted for 35% of existing home sales. Properties typically sold in 24 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 nearly three offers. On average, REALTORS® expect sales in the next three months to be just about 1% below 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.