REALTOR Market Index up for 2nd straight month in August

Today we issued the results of the September 2011 REALTOR(R) Market Index (RMI) and the REALTOR(R) Price Index (RPI). The September RMI was up 11.58% from the September 2010 RMI. This is the 2nd straight monthly year-over-year increase since April-May 2010. On a month-to-month basis the September RMI was down from August.  The REALTOR(R) Price Index was down from the September 2010 and also down from this past August.

This month’s “Hot Topic” question asked REALTOR(R) members what they thought the impact of lower FHA and GSE loan limits would have on the Massachusetts Real Estate Market.

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

Here are the highlights:

* REALTOR® Market Index in September was 21.63. Up 11.58% from the same time last year
* REALTOR® Market Index in September was down 24.28% from August
* REALTOR® Price Index in September was 37.38.  Down 12.44% from the same time last year
* REALTOR® Price Index in September was down 6.35% from August

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