Confidence Index for buyers was flat from a year ago but up for sellers: 22% of respondents expect a year-over-year increase in buyer traffic in the next three months, down from 26% one month ago and flat from 22% one year ago. 22% of respondents expect a year-over-year increase in seller traffic in the next three months, down from 26% last month and up from 16% one year ago. With supply still limited relative to demand, 27% of homes sold above list price, down from last month (29%) and a year ago (33%): 68% of respondents reported that properties sold in less than one month, up from 60% a month ago and down from 73% in April 2023. Homes listed received an average of 3.2 offers, up from last month (3.1 offers) and from one year ago (3.1 offers). Due to the lack of housing inventory, the pace of the market, and the use of technology, 6% of buyers purchased a home based only on a virtual tour, showing, or open house without physically seeing the home. This is flat from 6% one...