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Demand for Properties Expanding Faster than Supply

Based on responses to the January RCI survey, the Buyer Traffic Index rose to 63, while the  Seller Traffic Index continued to register at 38 in January.  In many areas of the country, REALTORS® reported low inventory levels.

Tight inventory conditions have been cited as leading to higher prices and reduced time on market.   At this time seller listings are not keeping up with buyer interest.

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