REALTOR Confidence Index Report

The National Association of Realtors has just released their December 2011 Realtors Confidence Index Survey. This survey measures the strength of the current housing market and Realtor's expectations about the future. The The data for this survey was collected between December 27th 2011 and January 5th 2012, and represents 3,067 Realtor responses.

Realtor confidence index shows a significant increase in confidence in Single Family, Townhouse, and Condo Sales over the past two months, as well as over the same period of time last year.

Investors continue to take up a significant share of current home sales. Prices in some markets have declined over the past three years to a point where investors can make positive cash flow on investment properties with only modest improvements.

Of those polled, 61% believe that home prices will rise over the coming year.

Days on the market for Realtor's most recently sold property had the highest percentage (22%) reporting that the property sold in less than a month, and 11% reporting that their property took 12 months or longer to sell.

Apartment rentals are also reported as being somewhat higher than was the case one year ago.

















For a full copy of this report email sellmetrowest@gmail.com