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Constant or Higher Prices on Recent Transactions Compared to a Year Ago

Home prices continue to firm up as demand for existing home sales is reported to be increasing faster than the supply of available homes.  According to the latest REALTORS® Confidence Index, about 30 percent of REALTORS® reported constant home prices while 41 percent reported rising prices .  About  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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