What is the Real Estate Trend Indicator report?

The Real Estate Trend Indicator report was originally the report that was supplied to NAR to report existing home sales, which in turn NAR reported to the government. Over time, the report has evolved into a detailed snapshot of the activity within a jurisdiction for a given month's time period. The report provides statistical information on home sales, days on market, types of financing, active inventory, and new contracts. Currently, there are several statistical reports available in two different pricing formats. The types of reports are the original Real Estate Trend Indicator report (RETI), the RETI report for Detached/Attached, Year End reports for RETI and RETI Detached/Attached, and the RETI report in the Virginia format (RRISI). ... more