The Real Estate Confidence Index (R.E.C.I.)

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Percentage of Total Ratings (Number of Ratings)

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RECI - Historical Comparison, 2009

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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(near term), and in their market in the next 12-18 months(long term). 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.

It’s real opinions from real professionals in the field.