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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

  • 82% of respondents reported properties sold in less than one month. Down from 88% a month ago and down from 89% in July 2021.
  • Homes listed received an average of 2.8 offers, down from 3.4 offers in June 2022 and 4.5 in July 2021.
  • First-time buyers represented 29% of buyers, virtually unchanged from one year ago and one month ago
  • 24% of buyers were all-cash sales, similar to last month at 25% and up from 23% in July 2021.

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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