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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.
- First-time buyers represented 29% of buyers, virtually flat compared to March 2023 and April 2022.
- 28% of buyers had all-cash sales, nearly unchanged from 27% last month and 26% in April 2022.
- 73% of respondents reported that properties sold in less than one month. This is up from 65% a month ago and down from 88% in April 2022.
- Homes listed received an average of 3.1 offers, virtually unchanged from 3.2 last month and down from 5.5 offers in April 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.