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 market transactions.
On average, a home sold had five offers.
With little supply in the market, homes typically sold within 17 days (27 days one year ago), as buyer competition heats up.
The share of first-time buyers decreased to 31% (32% in the prior month, 36% one year ago).
The pandemic continues to impact how people live and work. The same share of buyers, at 85%, purchased a property in a suburban, small town, rural, or resort area (85% one year ago). Sixty percent of REALTORS® reported they had potential buyers looking for work-from-home features such as an extra room, a finished basement, or a bigger home.
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.