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The REALTORS® Confidence Index (RCI) survey gathers monthly information from REALTORS® real estate transactions to provide on-the-ground market information. This report presents key results about May 2020 market transactions.

Several indicators point to the turnaround of the housing market in May. The REALTORS® Buyer Traffic Index  improved in May to 50 (stable conditions) after dipping to 30 in April. REALTORS® also expect higher sales and price appreciation in the next three months compared to their 3-month expectation in April. REALTOR® reported conducting more home tours, with a average of  nearly four home tours, and listing more homes, with an average of  slightly more than one home. 

A  higher fraction of sales also closed just based on virtual tours/showings, with 9% of sales closed based on virtual tours/showings only, based on buyer agent feedback.  

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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