Realtor opinions about market conditions matter.

For the past couple months we’ve sent out surveys to our US and Canadian Realtors asking you to answer a few quick questions about their market conditions and your thoughts on how the market will be in the upcoming months. The data gathered for the Index comes from Real Estate Professionals who have important insight and understanding about where the market is and where it is heading. With the unique perspective from our members, the findings were quite interesting and we hope that with continued participation from more and more real estate professionals we’ll be able to continue to calculate the Index from an even larger group of opinions.

Before I go any further, I’d like to send out a big ’Thank You’ to the over 3,000 real estate professionals who have responded to our surveys so far. Your responses have assisted us in gathering the data we use to calculate the newReal Estate Confidence Index that Point2 just released at Inman Real Estate Connect in San Fransisco today.

What is the Real Estate Confidence Index?
Every month, we ask real estate professionals from all over North America to rate their market. They rate the current, short-term, medium-term and long-term outlook in their market. We analyze and calculate this data and the median response across all questions represents the Point2 Real Estate Confidence Index measure for the month.

Question: On a seasonally adjusted basis, how would you rate current market conditions in your area?  1 "bad" - 10 "good"

Question: How optimistic or pessimistic are you about the housing market in the near term (the next 3 to 6 months)?     1 "pessimistic" - 10 "optimistic"

Question: How optimistic or pessimistic are you about the housing market in the longer term (next 12 to 18 months)?  1 "pessimistic" - 10 "optimistic"




The data gathered for the Index comes from real estate professionals who have important insight and understanding about where the market is and where it is heading. With the unique perspective from our members, the findings were quite interesting and we hope that with continued participation from more and more real estate professionals we’ll be able to continue to calculate the Index from an even larger group of opinions

How we calculate the real estate confidence index

Each month, Point2 surveys its members across North America to get a sense for how real estate professionals feel about their current and future market conditions.

Because Point2 Agent includes many thousands of subscribers, from every U.S. state and every Canadian province, the Real Estate Confidence Index survey gathers data from disparate areas and across many different types of markets.

Respondents are asked to rate, on a scale of 1 to 10, how confident they are in their current market, in their market in the next 3-6 months, and in their market in the next 6-12 months. Respondents are also given the option to add comments. Responses are purely subjective.

Once these responses are gathered, a statistical mean on the 1-10 scale is derived, and this becomes the current Real Estate Confidence Index.
Point2 typically receives more than 3,000 respondents in the U.S., covering every U.S. state, Puerto Rico and Guam. While the sample size used to determine the Real Estate Confidence Index tends to be statistically valid, it is important to note that the Real Estate Confidence Index is a purely subjective survey, and is in no way intended to be an accurate reflection of current market conditions. This survey is based on the opinions of real estate professionals across the country.