Barclays Bank surveys 100's of real estate agents in 38 cities across the country about market conditions in their local market. And each month I participate in the survey covering the Tucson housing market. In addition to answering a set of questions Barclays asks agents to leave a short comment about the current market. The Barclays analysts review the market data, put together the report and choose the comment that best describes prevailing market conditions. They produce a report for each of the 38 cities surveyed and send the complete report with all 38 cities to those agents who participated in the survey.
I just received the latest report and the headline is, "Lack of Home Supply Slowing Buyer Traffic" which sums it up nicely.
The comment I left was also focused on the low supply of homes but was probably stated less elegantly.
Click the report to enlarge it
After reviewing the Tucson report I thumbed thru the headlines of the other 37 cities and found that the low supply issue is even more widespread than I realized.
I chose the following 21 headlines from the 38 cities included in the report.
Boston, MA –Persistent Inventory Shortage Pushes Prices Higher; Rate Urgency Fuels Traffic Lift
Cincinnati, OH –Housing Supply Outnumbered By Interested Buyers
Denver, CO –Housing Supply Constraints Persist, Especially at More Affordable Price Points
Detroit, MI –Buyers Look to Lock In Lower Rates Across Slim Housing Offerings
Houston, TX –Prices Continue to Rise, Leaving Scarce Inventory Available for Entry-Level Buyers
Kansas City, MO –Limited Inventory Pushes Prices Higher, Buyer Traffic Accelerates
Las Vegas, NV –Demand Slows on Pandemic & Inventory Concerns, Although Prices Appreciate Further
Los Angeles, CA –Sales Pressured By Tight Inventory; Risk of Higher Rates Increasing Buyer Interest
Nashville, TN –Price Appreciation & Strong Traffic Patterns Persist; Buyers Staying Put in Larger Homes
Orlando, FL –Inbound Migration Supports Steady Buying Activity; Prices Climb Against Tight Inventory
Philadelphia, PA-Southern NJ –Short Inventory Levels Stifle Buyer Traffic
Phoenix, AZ –Supply Softness Pushes Prices Higher on Elevated Buyer Traffic
Portland, OR –Prices Jump Against Stable Buyer Traffic & Inventory Pressures
Raleigh, NC –Shortage of Inventory Pressures Purchasing Activity; Buyers Engage in Multiple Offer Bidding
San Diego, CA –Accelerating Prices on Limited Offerings Push Buyers to the Sidelines
San Francisco, CA –Buyer Interest Persists Despite Inventory Shortage
Seattle, WA –Buyer Traffic Outweighs Available Listings
Tampa, FL –Inventory Pressures & High Prices Dampen Purchasing Activity; Multiple Offer Competition Continues
Tucson, AZ –Lack of Home Supply Slowing Buyer Traffic
Virginia Beach, VA –Inventory Pressures Worsen as Buyer Activity Accelerates
Washington, D.C. –Rising Mortgage Rates Incentivize Buyers to Shop Limited Inventory
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Take care, stay well
John Schneider /Realtor®
Tierra Antigua Realty
[email protected]
520 271-4164
see my website TheFoothillsToday.com
to find your Catalina Foothills Home
