The Arizona Regional MLS publishes a monthly agent survey on agent (“subscriber”) confidence, both present and for the future.
From the Subscriber Confidence Index – December 2011 report:
Similar to the Consumer Confidence Index published by the Conference Board, its relevance lies in being the only economic indicator derived from the firsthand, up close observations of Realtors who operate at the front line of real estate in the Valley.
All three Subscribers Confidence indices rose for the third month in a row. The overall Subscriber Confidence Index increase 8.7 points to 77.7% The Present Confidence Index took a double digit jump, up 13.9 point to 74%, and the Expectation Index rose 4.9 points to 80.6%. The three month upturn is very encouraging since Subscribers operating in the field are the first to sense the winds of change.
Bodes well for looking ahead at the 2012 Phoenix real estate market.
More on the Phoenix real estate market:
- NO! The sky is not falling in Phoenix real estate
- Improvements and Challenges in the Phoenix Real Estate Market
- Scottsdale Home Sales — definitely some good news in the past 12 months
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