Sixty-four Percent of Realtors® Reported Constant or Higher Prices

Home prices continue to firm up as demand is reported to be increasing faster than supply.  Sixty-four percent of respondents to the most recent Realtors® Confidence Index (June) reported constant prices (30 percent) or rising prices (34 percent) compared to a year ago.  An increasing proportion of respondents (5 percent) reported seeing price increases of 10 percent or more.

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

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