BOSTON – The Massachusetts Association of Realtors announced that the confidence of the state’s realtors started 2013 at a five-year high, reported the Boston Business Journal.
According to the news source, the association’s Realtor Market Confidence Index and Realtor Price Confidence Index hit all-time highs in January.
Starting off the new year, the Market Confidence Index was 65, about double the score of 31 from January 2012. The news source reported that the January increase represented the 18th consecutive month of year-over-year increases on the index.
The Realtor Price Confidence Index was 77 in January, another all-time high, according to BBJ, and only the second time the index scored over 70. The score of 77 represented the 12th month in a row of a year-over-year increase.
Both indexes are based on monthly responses from a sampling of real estate agents in the Bay State. The association has been collecting data since 2008.