Chicago Agent Magazine
The market outlook from the latest National Association of REALTORS® (NAR) Confidence Index Survey increased slightly for buyers but was flat for sellers, the group said. The monthly sampling of Realtors® found that 16% of respondents expect a year-over-year increase in buyer traffic in the next three months, compared to 13% both one month ago and one year ago. On the other hand, 17% of respondents expect a year-over-year increase in seller traffic in the next three months, the same level as one month ago and one year ago. In July, 24% of homes sold above list price, down from 29% in the preceding month and 35% a year earlier, and 62% of respondents reported that properties sold in less than one month, a decrease from 65% a month earlier and 74% in July 2023.
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