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REALTORS® Confidence Index

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Cover of the REALTORS® Confidence Index report

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

  • While home buying demand is still outpacing supply, properties typically stayed on the market for 17 days (17 days in the prior month, 17 days one year ago). 
  • Eighty-eight percent of listings were on the market for less than one month (87% in the prior month, 88% one year ago).
  • The first-time buyer market share edged lower to 28% (30% in the prior month; 31% one year ago). 
  • With some slow down in vacation home sales, the share of all-cash sales decreased to 26% (28% in the prior month, 25% one year ago). 
  • Intense competition lingers, and 25% of buyers waived an inspection contingency (23% in the prior month).

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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