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March 2023 Realtors Confidence Index

– 27% of buyers had all-cash sales, nearly unchanged from 28% last month and 28% in March 2022.

– First-time buyers represented 28% of buyers, virtually flat from February 2023 and down from 30% in March 2022.

– 65% of respondents reported that properties sold in less than one month. This is up from 57% a month ago and down from 87% in March 2022.

– Homes listed received an average of 3.2 offers, slightly from 2.7 last month and down from 4.8 offers in March 2022.

Source: https://www.nar.realtor/