REALTORS® Confidence Index
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.
- Properties were typically on the market for 42 days (50 days in January 2017).
- Eighty-nine percent of respondents reported that home prices remained constant or rose in January 2018 compared to levels one year ago (88 percent in January 2017).
- First-time buyers accounted for 29 percent of sales (33 percent in January 2017).
- REALTORS® report “low inventory” and “interest rate” as the major issues affecting transactions in January 2018.
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