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 33 days (34 days in October 2017).
First-time buyers accounted for 31 percent of sales (32 percent in October 2017).
Cash sales made up 23 percent of sales (20 percent in October 2017).
Eighteen percent of sellers offered incentives such as providing warranty (8 percent), paying for closing costs (8 percent), and undertaking remodeling (3 percent).
REALTORS® report “interest rate” and “low inventory” as the major issues affecting transactions in October 2018.
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