Q1 2016 Broker Confidence Index

The Real Estate Board of New York’s Real Estate Broker Confidence Index for the first quarter of 2016 is 7.23, a .64 drop from last quarter.  There has been a slow, steady decline in broker confidence in the market since the fourth quarter of 2014 when it was 9.22. Likewise, the confidence index for the market six months from now was 6.73, dipping .84 points from last quarter.  Similarly, this index has continued to decline from the fourth quarter of 2014 when it was 9.23, the highest it has been since we began surveying our brokers. Nevertheless, despite this trend, the overall level of confidence of the residential and commercial brokers remains positive.