REALTORS® Report Constant or Higher Prices on Recent Transactions

(NAR) -- Home prices continue to firm up as demand is reported to be increasing faster than supply. From the current survey, 69 percent of respondents to the REALTORS® Confidence Indexreported constant prices, higher than July’s figure of 64 percent. About 30 percent reported constant prices while 39 percent reported rising prices. About five percent reported seeing price increases of 10 percent or more.