REALTOR confidence remained high through 2012

Today we released the December 2012 and year-end results of the REALTOR Market Confidence Index (RMCI) and REALTOR Price Confidence Index (RPCI). Both indexes were up in December over the same time last year and the RPCI hit an all-time high.

With the completion of the December 2012 survey, we now have a total of five years of data. Below is a chart along with some fun facts.

Here are the Dec./year-end highlights:

  • Both the December RMCI and the RPCI were UP compared to the same month in 2012.
  • December was the 9th straight month that the RMCI was over the 50-point mark.
  • The RPCI hit its highest point ever in December.
  • The RMCI and RPCI  were both UP compared to November.
  • This is the 17th straight month the RMCI was up over the same time last year and the 11th straight month for RPCI.
  • Both the RMCI and RPCI were UP in 2012 compared to 2011

Hot Topic:
The December “hot topic” question asked REALTORS what type of impact the price difference in home heating fuels (oil vs. natural gas) was having on the buying and selling decisions of their clients.

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

Data points:

  • REALTOR® Market Confidence Index in December was 57.47 Up 103% from the same time last year
  • REALTOR® Market Confidence Index in December was essentially flat from November 2012 (up .28%)
  • REALTOR® Price Confidence Index in was 72.71 Up 50% from the same time last year.
  • This was another all-time high and the first time the RPCI went over the 70-point mark.
  • REALTOR® Price Confidence Index in December was Up 8% from November 2012

5-Year Historical Chart: (click on chart to enlarge)

 

“Fun Facts”:
RMCI

  • All-time high: 60.38 (May 2012)
  • All-time low: 13.42 (Dec. 2008)
  • 5-year Median: 28.36

RPCI

  • All-time high: 72.71 (Dec. 2012)
  • All-time low: 28.22 (Nov. 2008)
  • 5-year Median: 46.96