REALTORS® Confidence Index
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The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. In addition, the "Questions of the Month," feature results of a timely aspect of the housing market.
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.
- First-time buyers accounted for 32 percent of sales (33 percent in October 2016).
- Cash sales made up 20 percent of sales (22 percent in October 2016).
- REALTORS® continue to report “low inventory” as the major issue affecting transactions in October 2017.
- Eighty-nine percent of respondents reported that home prices remained constant or rose in October 2017 compared to levels one year ago (85 percent in October 2016).