Approximately 18 percent of respondents who reported a sale in May sold a distressed property, substantially down from levels a few years ago, but unchanged from April. REALTORS® continued to report strong demand for REOs from investors. [Source: … [Read more...]
Inventory Conditions Improve Slightly But Still Lags Demand in June
Inventory/supply conditions were reported to be improving, as reflected in the increase in the Seller Traffic Index to 46 (from 43 in May). The Buyer Traffic Index dipped slightly to 69 in June (from 71 in May), possibly due to the impact of rising … [Read more...]
REALTOR® Confidence in Current Market Conditions Held Steady
REALTORS® generally continued to view current conditions in the single–family home market as “strong” with the Index-Current Conditions [1] holding steady at 71 in June. A level of 50 delineates “moderate” conditions. The Index for townhouses was … [Read more...]
Median Days on the Market Down to 41 Days in May
Tight inventory has led to shorter time on the market. The median days on the market fell to 41 days in May (46 in April). Short-sales had the longest days on market at 79 days (73 days in April) while foreclosed properties were on the market for 43 … [Read more...]
Inventory Conditions Improve Slightly But Still Lags Demand in May
In May, REALTORS® generally reported strong buyer demand against a low but slightly improving inventory. The Buyer Traffic Index rose to 72, well past the mark of 50 that delineates “moderate” conditions. The Seller Traffic Index registered at 43 (41 … [Read more...]
Investors Remain Major Buyers of Distressed Property in April
The share of distressed properties on the market continued to decline in April. Approximately 18 percent of REALTORS® who responded to the April REALTORS® Confidence Index Survey and who reported a sale sold a distressed property, substantially down … [Read more...]
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