July 2023 Realtors Confidence Index

Courtesy of National Association of Realtors

The REALTORS® Confidence Index (RCI) survey gathers on-the-ground information from REALTORS® based on their real estate transactions in the month. This report presents key results about market transactions.

Highlights

• 74% of respondents reported that properties sold in less than one month. This is down slightly from 76% a month ago and down from 82% in July 2022.
• 26% of buyers had all-cash sales, unchanged from last month and up slightly from 24% in July 2022.
• Homes listed received an average of 3.0 offers, down from 3.5 last month and up from 2.8 offers in July 2022.
• Due to the lack of housing inventory, the pace of the market, and the use of technology, 9% of buyers purchased a home based only on a virtual tour, showing, or open house without physically seeing the home. Down slightly from one month ago and flat from one year ago.

26% of buyers had all-cash sales, unchanged from last month and up slightly from 24% in July 2022. Homes listed received an average of 3.0 offers, down from 3.5 last month and up from 2.8 offers in July 2022.

Like “Majic” I’ll get it CLOSED

(Maji) Maria Ramos Real Estate Advisor P.A

305-519-7940 | maji@MajiSold.com

• Miami Realtor since 1993
• 2nd Generation Realtor
• Born & raised in Miami
• Realtor Environmentalist 

About me: https://linktr.ee/majisold
Maji’s Market Minute blog: http://bit.ly/majismarketminute-blog

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