November 30, 2015

July/August 2013 Market Pulse

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July/August 2013 Market Pulse

REALTORS® are seeing strong buyer demand against low, but slightly improving, inventory levels, continued price increases, and fewer days on market. But there are growing concerns in the industry and among consumers about rapid price gains 
and rising interest rates. All trend lines are from May 2012 to May 2013.

Existing-home sales is a seasonally adjusted annual rate, which is the actual rate of sales for the month, multiplied by 12 and adjusted for seasonal sales differences. Pending home sales is an index that measures housing contract activity. An index of 100 is equal to the level of activity during 2001, the benchmark year. Price indicates the national median. Inventory measures the number of existing homes on the market at the end of the month. Buyer and seller traffic, current conditions, six-month expectations, and time on market derive from a monthly REALTOR® Confidence Index. Results for May are based on 3,239 responses to 6,000 surveys sent to large and small real estate offices. The survey asks practitioners to indicate whether conditions are strong (100 points), moderate (50), or weak (0). Some data may be revised from previous issues.

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