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REALTORS® Reported Slower Buyer Traffic in September

For the first time since January 2012, the Buyer Traffic Index, which captures on the aggregate how REALTORS® viewed traffic conditions in their markets, dropped  to 44  in September  (55 in August), according to data from the September 2014 REALTORS® Confidence Index Survey:  http://www.realtor.org/reports/realtors-confidence-index. An index below 50 indicates that more REALTOR® respondents viewed their local traffic conditions as “weak” compared to those who viewed conditions as “strong” or “moderate.” The higher the index, the more respondents there are with “moderate” or “strong” outlook.

By state[1], buyer traffic strongest in North Dakota and in D.C. as well as states in the West, South, and in the Great Lakes.  Buyer traffic was generally “weak” in many states in the North East and Mid-Atlantic.

 

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[1]               The buyer and traffic index by state is based on data gathered from the last three surveys to accumulate enough observations for each state.

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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