REALTORS CONFIDENCE INDEX SURVEY: February 2021

Market Report provided by NAR
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Several metrics indicate a continued strong buyer market but inventory remains low. The REALTORS® Buyer Traffic Index increased from 76 in January 2021 to 77 (very strong conditions) in February 2021 while the REALTORS® Seller Traffic Index remains below 50 which is “weak” traffic compared to the level one year ago. Every home sold had more than four offers. On average, REALTORS® expect home prices in the next three months to increase nearly 6% from one year ago and sales in the next three months to increase 3% from last year’s sales level.

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