Q1 2021 Broker Confidence Index

In the first quarter of 2021, the present situation real estate broker confidence was 5.25 out of 10, a 55% increase since brokers were last surveyed in the fourth quarter of 2020 and an 85% increase since the same time last year. Present broker confidence has not been this high since the fourth quarter of 2019. The survey results similarly indicated optimism that the market would continue to improve in the future. The forward-looking indicator that tracks expectations six months from now stood at 7.71, a 52% increase from the fourth quarter of 2020 and a 76% increase since the same time last year. Future broker confidence has not been this high since the third quarter of 2015.