Mass. REALTOR Market Index down in May as Price Index up slightly

Today we issued the results of the May 2011 REALTOR(R) Market Index (RMI) and the REALTOR(R) Price Index (RPI). The May RMI was down 7.5 percent from the April RMI and down from the same time last year.  The REALTOR(R) Price Index was down from April, but up slightly from May 2010.

This month’s “Hot Topic” question asked REALTOR(R) members about the direction they thought interest rates were headed in the next 12 months.

Click here to read the full release: May 2011 Realtor(R) Market Index and Realtor(R) Price Index

Here are the highlights:

* REALTOR® Market Index was 28.00. Down 7.5% from April
* REALTOR® Market Index was down 29.1% from same time last year
* REALTOR® Price Index was 38.89.  Down 20% from April
* REALTOR® Price Index was up 1.3% from same time last year

Let us know what you think? In fact, if you are a member of the Massachusetts Association of REALTORS(R) and would like to participate in the monthly survey, please send your name, email address and NRDS# (which can be found on the cover of your copy of Bay State REALTOR(R) Magazine) to themarreport@marealtor.com