Two Thirds of Realtors Positive on Price

The 4,000-plus National Association of Realtors members polled for the group’s latest confidence index are generally upbeat about the market’s outlook for this year, with about 67 percent predicting price gains. Industry optimism was improved in the single-family, townhouse, and condominium sectors, building on a upward trend that took root in the 2011 third quarter. In another positive development, Realtors participating in the survey reported a slight fall in the median time on the market. An estimated 47 percent of listings have been up for sale for no more than three months, and only 12 percent have been listed for longer than one year. | Read More