National Association of Realtors | Confidence Index

Market Report provided by NAR

The REALTORS® Confidence Index (RCI) survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.1 This report presents key results about market transactions from the February 2020 survey.Market Conditions and Expectations• The REALTORS® Buyer Traffic Index registered at 72 (55 in February 2019).2• The REALTORS® Seller Traffic Index registered at 47 (43 in February 2019).• The REALTORS® Confidence Index—Six-Month Outlook Current Conditions registered at 75 for detached single-family, 62 for townhome, and 59 for condominium properties. An index above 50 indicates market conditions areexpected to improve.• Properties were typically on the market for 36 days (44 days in February 2019).• Eighty-six percent of respondents reported that home prices remained constant or rose in February 2020 compared to levels one year ago (78 percent in February 2019).