According to the latest Homesnap Confidence Index Report, agent confidence in their local real estate market has reached its highest level since the COVID-19 pandemic began.
Homesnap surveyed approximately 40,000 agents on whether they were more optimistic, less optimistic or had no change in feeling about the health of their market in May compared to April. The results, broken down by region, are as follows:
Viewed holistically, 45.23% of U.S. agents expressed feelings of optimism in May, up from 25.04% in April; 18.79% in March; and the previous, pre-COVID-19 high-water mark of 44.12% in February.
While sentiment hinges on a variety of factors, the significant month-over-month jump in optimism can almost certainly be attributed to the increase of listings brought to the market across all four regions of the U.S from April to May 2020.
It’s yet two more indicators the market is picking back up.