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.
Here are some key takeaways –
- 27% of buyers had all-cash sales, nearly unchanged from 28% last month and 28% in March 2022.
- First-time buyers represented 28% of buyers, virtually flat from February 2023 and down from 30% in March 2022.
- 65% of respondents reported that properties sold in less than one month. This is up from 57% a month ago and down from 87% in March 2022.
- Homes listed received an average of 3.2 offers, slightly from 2.7 last month and down from 4.8 offers in March 2022
The March report can be found – HERE