The tug of war continues as to whether the real estate market favors buyers or sellers but as for August, the National Association of Realtors (NAR) says there were nearly three offers for every home sold.
The Realtors Confidence Index Survey also asks how many clients buyer’s agents took on a home tour and how many properties seller’s agents listed. On average, respondents who usually work with buyers reported they took out five clients on a home tour, while respondents who usually work with sellers reported they listed three properties. This indicates that demand continues to outpace supply.
Another NAR indicator showing that competition remains tough for buyers is the gap between the Realtors Buyer Traffic Index and the Realtors Seller Traffic Index. The Buyer Traffic Index has been trending above 50 since 2012, meaning that more respondents reported an increase than a decrease in buyer traffic compared to one year ago. Meanwhile, the Seller Traffic Index has been stuck at below 50, which means fewer respondents reported an increase in seller traffic than a decrease.
To see which states reported increases and decreases in buyer traffic …