Eighty-three Percent of REALTORS® Report Constant to Rising Prices

With strong buyer demand and tight inventory, 83 percent of REALTORS® reported constant or rising prices in the February REALTORS® Confidence Index (RCI) Survey. The survey also showed that among the respondents:
— About 16 percent reported a sales premium compared to the asking price.
— About 92 percent expect prices to remain the same or to increase in the next 12 months.