Realtor confidence was up in Massachusetts during November, according to the latest Realtor Market Confidence Index (RMCI) released today by the Massachusetts Association of Realtors.

The Realtor Price Confidence Index (RPCI) hit its second highest mark in November, but members reported some concern about the impending "fiscal cliff" with their buyer and seller clients last month.

"Realtor members continued to feel better about the market and price stability in Massachusetts compared to the same time last year," 2012 MAR President Trisha McCarthy, broker at Keller Williams Realty in Newburyport, said in a statement. "However, Realtors tell us that their buyer and seller clients have concerns about the ‘fiscal cliff’. This just underscores the need for Congress to reach a compromise, without tampering with the mortgage interest deduction which remains so essential to the continuing housing recovery."

In November, the Realtor Market Confidence Index was 57.31, which was up 127 percent from the November 2011 score of 25.24.  This is also 16th straight month of year-over-year increases and the eighth straight month over the 50-point mark. On a month-to-month basis, the November RMCI was down 1.8 percent from the 58.38 score in October 2012. Measured on a 100-point scale, a score of 50 is the midpoint between a "strong" (100 points) and a "weak" (0 points) market condition.    

The Realtor Price Confidence Index was 67.54 in November, the second highest all-time after October. The November index was up 53 percent from the November 2011 RPCI of 44.29. This is the 10th straight month of year-over-year increases and the seventh straight month the RPCI has been over the 60-point mark. On a month-to-month basis, the RPCI was down 1.7 percent from the October 2012 RPCI of 68.68.