The REALTORS® Confidence Index (RCI) survey gathers on-the-ground information from REALTORS® based on their real estate transactions in the month. This report presents key results about market transactions.
Highlights
- First-time buyers represented 31% of buyers, up from 28% one month ago and about the same as one year ago.
- 28% of buyers were all-cash sales, nearly unchanged from 26% last month and up from 23% in December 2021.
- 57% of respondents reported properties sold in less than one month. This is down from 61% a month ago and 79% in December 2021.
- Homes listed received an average of 2.2 offers, nearly flat from November 2022 when it was 2.3 and down from 3.8 in December 2021.
Note: the REALTOR® Confidence Index is provided by NAR solely for use as a reference. Resale of any part of this data is prohibited without NAR’s prior written consent.
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