REALTORS® Confidence Index Rises in August | Cross River NY Real Estate

The REALTORS® Confidence Index (RCI) is an indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners.   Respondents indicate whether conditions are, or are expected to be “strong” (100 points), “moderate” (50 points), and “weak” (0 points). A score of 50 for the index is the threshold between “strong” and  “weak” conditions. The REALTORS® Confidence Indexes reflect current market conditions and expectations for the next six months for single family, townhouse, and condo markets.

The RCI indexes rose across all markets in August.