Realtor Confidence Soars in April to New Highs

by Peter Thomas Ricci

Realtor Confidence has not only soared in 2013, but as of April, more than doubled from 2012.

realtor-confidence-index-national-association-realtors-housing-recovery-single-family-homes

Home prices and home sales have been on the rise in 2013, and the latest analysis from the National Association of Realtors has found that Realtor confidence has been prospering right alongside them.

According to NAR’s latest numbers, the Realtor Confidence Index for single-family properties hit 70 in April, while the measures for townhouses and condos hit respective levels of 51 and 44; all three measures are more than double their levels from the start of 2012.

Realtor Confidence Index on the Rise

Other notable stats from NAR’s Realtor Confidence Index included: buyer demand rose to 72 in April, and has now risen nearly 20 points from 53 in 2012 (that’s an increase of 36 percent!); and also, the specific measure of the index that measures Realtors’ six-month outlook was even more optimistic than the general index, with the single-family component hitting 75, the townhouse component hitting 55 and the condo component 49.

Of course, there were many other dimensions to the Realtor Confidence Index, and we’ve collected some of the more noteworthy in our infographic below. Also, our reporting on the Confidence Index will continue later this week, when we’ll delve into the index’s findings on buyer and seller characteristics in the U.S. housing market in 2013.

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