REALTOR(R) Market Index up again in November

Today we issued the results of our November 2011 REALTOR(R) Market Index (RMI) and REALTOR(R) Price Index (RPI). For the 4th straight month the RMI was up over the same time last year. On a month-to-month basis the RMI was down compared to October.

The REALTOR(R) Price Index was down compared to the same time last year, but up from October.

This month’s “Hot Topic” question asked REALTOR(R) members about the use of FHA financing over the past year and how that might change over the next 12 months.

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

Here are the highlights:

* REALTOR® Market Index in November was 25.24. Up 36% from the same time last year
* REALTOR® Market Index in November was down 2.45% from October
* REALTOR® Price Index in November was 44.29.  Down 1.22% from the same time last year
* REALTOR® Price Index in November was up 1.22% from October

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