New highs for REALTOR Market Index and REALTOR Price Index in May

For the second straight month both the REALTOR(R) Market Index (RMI) and the REALTOR(R) Price Index (RPI) hit all-time highs (both went over the 60-point mark). Here are the highlights:

  • Both the RMI and the RPI were up compared to the same time last year and compared to April 2012.
  • This is the 10th straight month the RMI was up over the same time last year
  • The RMI and the RPI hit their highest marks since the data has been tracked.
  • May was the fourth straight month that the RPI was over the 50-point mark.

Hot Topic:

This month’s “Hot Topic” question asked REALTOR(R) members about their clients’ ability to secure financing in the current lending environment.

Click here to read the full release: May 2012 Realtor(R) Market Index and Realtor(R) Price Index

Data points:

  • REALTOR® Market Index in May was 60.38 (all-time high). Up 115% from the same time last year
  • REALTOR® Market Index in May was up 7% from April 2012
  • REALTOR® Price Index in May was 62.38 (all-time high).  Up 60% from the same time last year
  • REALTOR® Price Index in May was up 4% from April 2012