March REALTOR Market Confidence and Price Indexes again hit all-time highs

Today we released the results of the March REALTOR Market Confidence Index (RMCI) and REALTOR Price Confidence Index (RPCI) and both indexes hit all-time highs. While inventory continued to go down in March, activity remained strong and that is reflected in the survey results.

Here are the March 2013 Highlights:

  • Both the RMCI and the RPCI hit all-time highs in March
  • This is the second time that the RMCI was over the 70-point mark.
  • The RPCI has been over the 60-point mark for 11 consecutive months
  • This is the 20th straight month the RMCI was up over the same time last year and the 14th straight month for RPCI.

Hot Topic:
The March “hot topic” question asked REALTORS how prevalent multiple-bid offers have been through the first quarter of 2013 .

Click here to read the full release: March Realtor(R) Market Confidence Index and Realtor(R) Price Confidence Index

Data points:

  • REALTOR® Market Confidence Index in March was 75.52 Up 52% from the same time last year
  • REALTOR® Market Confidence Index in March was UP 5% from February 2013
  • REALTOR® Price Confidence Index in was 78.74. Up 36% from the same time last year.
  • REALTOR® Price Confidence Index in March was Up 13% from February 2013.