Tight inventory has led to shorter time on the market. The median days on the market fell to 62 days in March (74 in February). Short sales had the longest days on market at 81 days (101 days in February), while foreclosures were on the market for 46 … [Read more...]
Distressed Sales Declined to 21 Percent in March
The share of distressed properties on the market continued to decline. About 21 percent of REALTORS® reporting on their last sale in March sold distressed properties, compared to approximately 40 percent in March 2011. This is based on data from the … [Read more...]
Cash Sales: 30 Percent of Residential Sales
Approximately 30 percent of REALTORS® reporting on their last sale had a cash sale (32 percent in February). Investors and international buyers typically pay cash. About 9 percent of REALTORS® reporting a sale to a first-time homebuyer also … [Read more...]
Demand for Properties Continued to Expand Faster than Supply in March 2013
Strong buyer demand for residential homes continued to outpace supply in March. The Buyer Traffic Index rose to 69 while the Seller Traffic Index inched up to 41. This based on information in the March REALTORS® Confidence Index (RCI) Survey. In … [Read more...]
REALTOR® Confidence Rose Strongly in March 2013
Confidence about current market conditions and the outlook for the next six months rose strongly across all property types in March. For the first time, the “REALTORS® Confidence Index – Six Month Outlook” for townhouses breached … [Read more...]
Major Real Estate Issues – As Noted by REALTORS®
Every month REALTORS® provide a variety of comments in responding to the survey for the REALTORS® Confidence Index. Changes in the types of comments received highlight the current problems and opportunities around the country. A Changing Market: The … [Read more...]
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