First-time buyers increase to 31% from 28%, share of homes selling above asking price jumps to 21% from 15%.
The Market Outlook from the REALTORS® Confidence Index for sellers increased compared to last month.
With supply still limited relative to demand, 21% of homes sold above list price, up from last month’s 15% and from 20% a year ago:
Contracts typically closed in 30 days, the same as last month and one year ago. But some faced delays or termination:
First-time buyers represented 31% of buyers, up from 28% last month and 26% one year ago. Among all buyers:
Contract activity shows some signs of a slightly easier market for buyers:
Buyers continue to look outside of city centers for the majority of their activity at 83%.
Source: NAR - REALTORS® Confidence Index Report
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