Big month-to-month increase in the Mass. February REALTOR(R) Market Index

Today we issued the results of the February 2011 REALTOR(R) Market Index (RMI) and the REALTOR(R) Price Index (RPI). The February RMI was up 32 percent from the January RMI, for the largest month-to-month increase since survey data has been collected. The RPI was essentially flat (up 0.64%) from January while both the RMI and RPI were down from the year before.

This month’s “Hot Topic” question asked REALTOR(R) member about their client’s ability to secure financing in the current lending environment compared to last year.

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

Here are the highlights:

  • REALTOR® Market Index was 28.06. Up 32% from January
  • REALTOR® Market Index was down 32% from same time last year
  • REALTOR® Price Index was 46.96.  Up 0.64 from January
  • REALTOR® Price Index was down 11% 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