Realtor Sentiment Survey
First Quarter 2018: Strong Seller’s Market Expected to Continue in 2018
Heading into 2018, the trends that have dominated Indiana’s housing market in recent years appear to be getting only more entrenched. Most notably, 64 percent of respondents to the latest Indiana Realtors Sentiment Survey stated that seller traffic in the first quarter of 2018 was weaker than average—the highest share of Realtors to make this claim in the history of this survey. At the same time, 81 percent of Realtors said that buyer traffic was either average or above average this winter, which marks the highest mark for this question at this time of year.
The short supply of homes on the market may explain why more Realtors than not stated that their number of pending sales was lower than it was at this time last year. This is the second consecutive survey with this finding.
Realtors expect that the market will continue to tighten, with 64 percent of respondents saying they expect the market to improve for sellers over the next three to six months.
Note: This survey is conducted by the Indiana Association of REALTORS® and the Indiana Business Research Center. All survey respondents are members of the Indiana Association of REALTORS®. View the archives page to access other releases.
Survey Results
How would you characterize the level of buyer traffic for single-family homes over the past 30 days?
N=613
Values above 50 indicate traffic is viewed as stronger than average.
How would you characterize the level of seller traffic for listing single-family homes over the past 30 days?
N=610
Values above 50 indicate traffic is viewed as stronger than average.
Compared to one year ago, is your number of pending sales:
N=609
Values above 50 indicate pending sales are higher.
Over the past 30 days, is the time for a home staying on the market until it is sold:
N=601
Values above 50 indicate length of time is increasing.
Over the next 3 to 6 months, do you think that single-family home prices will:
N=604
Values above 50 indicate prices are expected to increase.
Over the next 3 to 6 months, do you think that single-family home sales volume will be:
N=533
Values above 50 indicate volume is expected to be strong for the time of year. (Note: Question wording changed in 2014 Q4.)
Over the next 3 to 6 months, do you see the market:
N=600
Values above 50 indicate the market is expected to improve for buyers.
What do you think are the most important factors driving the residential real estate market currently and/or in the future?
N=508