A recent Realtors Confidence Index Survey released by the National Association of Realtors gathered information from REALTORS about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions. The online survey was completed by 4,555 REALTORS from May 1-9, 2018.
Some of the highlights of the report showed that when a closing is delayed, the causes were obtaining financing (30 percent), home inspection / environmental (19 percent), appraisals (18 percent) and title issues (11 percent). Properties were typically on the market for 26 days (down from 29 days a year ago) and cash sales made up 21 percent of all sales (unchanged from 2017).
The average number of listings per agent was 3.2 and the average number of clients taken on a home tour by an agent was 5.1. When it comes to the age of buyers, 47 percent were age 35-55, 31 percent were age 34 and under, and 22 percent were age 56 and older.