It’s still a strong sellers’ housing market, but optimism about increased buyer and seller traffic remains muted, the REALTORS® Confidence Index shows.

The index from the National Association of REALTORS® (NAR) said days on the market are down, nearly one-third of homes are selling above list price, and sellers on average are receiving 2.9 offers for their homes.

The June index said 29% of homes sold for above list price, which is in the same range as 30% the previous month and 33% in June 2023.

Median days on the market was 22, down from 24 the previous month. Another sign of a robust sellers’ market was that 20% of buyers were willing to waive inspections and 24% agreed to waive an appraisal contingency.

The monthly NAR survey of a random sampling of its members showed just 13% of respondents expect a year-over-year increase in buyer traffic in the next three months, down from 20% one month ago and from 15% one year ago. 

The numbers were slightly better on the seller side, with 17% of respondents expecting a year-over-year increase in seller traffic in the next three months, down from 21% last month but up from 12% one year ago.