Spring 2024 Housing Market Outlook

Seller outlook improving though still pessimistic Buyer outlook not as rosy as 2023

Buyer and Seller Activity Indices (Not Seasonally Adjusted)

74.2

0 10 20 30 40 50 60 70 80

70.4

68.1

35.1 35.4

28.7

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

2023

2024

Notes: Each activity index is calculated as ((% saying high to very high) - (% saying low to very low) - 1))/2*100 An index above 50 indicates a positive/optimistic outlook. An index below 50 indicates a negative/pessimistic outlook.

Bright MLS Subscriber Survey, April 2023 – April 2024 n = 761 – 1,871 (varies by month)

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