Today we issued the results of the October 2011 REALTOR(R) Market Index (RMI) and the REALTOR(R) Price Index (RPI). The RMI was up 24.71% from the October 2010 RMI. This is the 3rd straight monthly year-over-year increase since March-May 2010. On a month-to-month basis the October RMI was up 19.61% from September. The REALTOR(R) Price Index was up 1.67% from October 2010 and also up from this past September.
This month’s “Hot Topic” question asked REALTOR(R) members about activity with their under-30 buyer clients as a result of historically-low interest rates and more affordable home prices.
Click here to read the full release: October 2011 Realtor(R) Market Index and Realtor(R) Price Index
Here are the highlights:
* REALTOR® Market Index in October was 25.88. Up 25.88% from the same time last year
* REALTOR® Market Index in Ocotober was up 19.61% from October
* REALTOR® Price Index in October was 43.75. Up 1.67% from the same time last year
* REALTOR® Price Index in October was up 17.04% from September
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 email@example.com