August Future Indicators Report: Pending Sales Continued to Climb

The Massachusetts Association of REALTORS® (MAR) announced the results of its Future Indicators Report today for the month of August. This report is a combination of our previous Pending Homes Sales and the REALTOR® Confidence Indexes data into one succinct monthly document.

Pending home sales climbed to their highest levels for any August since MAR began tracking homes under agreement in 2004. According to the August Future Indicators Report, there was a 15.7 percent increase in accepted offers compared to the same month the year before. Median price of homes put under agreement also went up, increasing 2.2 percent compared to August 2013.

Here are the August 2014 Highlights:

Pending home sales:

  • Single-family pending home sales were up 15.7% compared to August 2013
  • Single-family median price up 2.2% from August 2013 (to $352,000)
  • Condo pending home sales were up 10.7% compared to August 2013
  • Condo median price up 1.4% compared to August 2013 (to  $325,000)
  •  18th straight month of single-family year-over-year increases.
  • The most homes put under agreement in August since MAR has been tracking this data.

REALTOR® Market and Price Confidence Indexes:

Confidence Index
August 2014
August 2013
% Change
 Market  61.15 69.26  -12%
 Price 70.00 73.57  -5.0%
  • The tenth straight month that the RMCI has gone down.
  • The seventh straight month that the RMCI has been over the 60-point mark.
  • The 18th straight month the RPCI was over the 70-point mark.
  • Measured on a 100-point scale, a score of 50 is the midpoint between a “strong” (100 points) and a “weak” (0 points) market condition.

Click link to read the full release: August Future Indicators Report: Pending Sales Continued to Climb

Summer temps and Realtor confidence both up in June

It was a good start to the summer market as REALTOR confidence  in both the market and in prices pushed the June REALTOR Market Confidence Index (RMCI) and REALTOR Price Confidence Index (RPCI) up for the 23rd and 17th straight months respectively.

Here are the June 2013 Highlights:

  • This is the fifth straight time that the RMCI was over the 70-point mark.
  • The RPCI was over the 70-point mark for the 4th straight month
  • This is the 23rd straight month the RMCI was up over the same time last year and the 17th straight month for RPCI.

Hot Topic:

The March “hot topic” question asked REALTORS if they regularly work with international clients and for those REALTORS who do, what proportion of those deals were “all cash” in the past year?

Click link to read the full release: June Realtor(R) Market Confidence Index and Realtor(R) Price Confidence Index

Data points:

  • REALTOR® Market Confidence Index in June was 76.40 Up 25% from the same time last year
  • REALTOR® Market Confidence Index in June was down 8% from May 2013
  • REALTOR® Price Confidence Index in was 76.4. Up 25% from the same time last year.
  • REALTOR® Price Confidence Index in June was down 9% from March 2013.

March REALTOR Market Confidence and Price Indexes again hit all-time highs

Today we released the results of the March REALTOR Market Confidence Index (RMCI) and REALTOR Price Confidence Index (RPCI) and both indexes hit all-time highs. While inventory continued to go down in March, activity remained strong and that is reflected in the survey results.

Here are the March 2013 Highlights:

  • Both the RMCI and the RPCI hit all-time highs in March
  • This is the second time that the RMCI was over the 70-point mark.
  • The RPCI has been over the 60-point mark for 11 consecutive months
  • This is the 20th straight month the RMCI was up over the same time last year and the 14th straight month for RPCI.

Hot Topic:
The March “hot topic” question asked REALTORS how prevalent multiple-bid offers have been through the first quarter of 2013 .

Click here to read the full release: March Realtor(R) Market Confidence Index and Realtor(R) Price Confidence Index

Data points:

  • REALTOR® Market Confidence Index in March was 75.52 Up 52% from the same time last year
  • REALTOR® Market Confidence Index in March was UP 5% from February 2013
  • REALTOR® Price Confidence Index in was 78.74. Up 36% from the same time last year.
  • REALTOR® Price Confidence Index in March was Up 13% from February 2013.

REALTORS remained confident about the market in February despite snow storms

Another snow day in MarchAnother day and another snow storm this winter!!! However, that won’t stop us from letting you know that today we  released the results of the REALTOR Market Confidence Index (RMCI) and REALTOR Price Confidence Index (RPCI) for February 2013. Both  indexes were up from the same time last year as the RMCI hit an all-time high. In addition to hitting an all-time high, this is only the second time that the RMCI was higher than the REALTOR Price Confidence Index.

Here are the February 2013 Highlights:

  • This is the first time that the RMCI was over the 70-point mark.
  • Only the second time that the RMCI has been higher than the RPCI.
  • The RPCI has been over the 60-point mark for 10 consecutive months
  • This is the 19th straight month the RMCI was up over the same time last year and the 13th straight month for RPCI.

Hot Topic:
The January “hot topic” question asked REALTORS what type of impact the multiple weekend snow storms in February had on market activity.

Click here to read the full release: February Realtor(R) Market Confidence Index and Realtor(R) Price Confidence Index

Data points:

  • REALTOR® Market Confidence Index in February was 71.82 Up 82% from the same time last year
  • REALTOR® Market Confidence Index in February was UP 11% from January 2013
  • REALTOR® Price Confidence Index in was 69.55. Up 27% from the same time last year.
  • REALTOR® Price Confidence Index in February was Down 8% from January 2013.

 

What’s being said in the media: November 2012 Market Confidence Index

Here are the articles and posts that resulted from the release of our November 2012 REALTOR Market Confidence and Price Confidence indexes. We’ll continue to update this post as more articles come in.

Tuesday, December 18, 2012

MAR: Confidence in Local Real Estate Market Improved In November
Banker & Tradesman

Fiscal cliff changing your real estate plans?
Boston Real Estate Now Blog (Boston.com)

Mass. Realtor confidence slips in November
Fitchburg Sentinel & Enterprise

Mass. Realtor Confidence Keeps Rising
Worcester Business Journal

Realtors’ confidence vastly improved
Worcester Telegram & Gazette

 

 

REALTOR Market Confidence Index continued to increase in November

Happy Holidays!

Today we released our November REALTOR(R) Market Confidence Index (RMCI) and REALTOR(R) Price Confidence Index (RPCI) results and both were up compared to the same time last year. While the RPCI didn’t hit another all-time high in November; it came close and was the 2nd highest.

Here are the highlights:

  • Both the November RMCI and the RPCI were UP compared to the same month in 2012.
  • November was the 8th straight month that the RMCI was over the 50-point mark.
  • The RPCI hit its 2nd highest point in November.
  • The RMCI and RPCI  were both down compared to September.
  • This is the 16th straight month the RMCI was up over the same time last year and the 10th straight month for RPCI.

Hot Topic:
REALTORS(R) were asked how the impending “fiscal cliff” was impacting the decisions of their buyer and seller clients.

Click here to read the full release: November 2012 Realtor(R) Market Confidence Index and Realtor(R) Price Confidence Index

Data points:

  • REALTOR® Market Confidence Index in November was 57.31 Up 127% from the same time last year
  • REALTOR® Market Confidence Index in November was Down 2% from October 2012
  • REALTOR® Price Confidence Index in was 67.54 Up 53% from the same time last year.
  • This is the seventh straight month that the RPCI has been over the 60-point mark
  • REALTOR® Price Confidence Index in November was Down 2% from October 2012