Realtors Confidence Survey | Snippet Finance

June 2021 survey paints a less than perfect picture.
“Several metrics indicate that demand is softening although the market is still broadly strong.“
“The REALTORS® Buyer Traffic Index decreased from 77 in May 2021 to 71 (moderately strong conditions) in June 2021.”
“On average, a home sold had more than 4 offers, slightly lower than the average of 5 offers in last month’s survey.”
On top of this inventory (the most important variable for house prices) is starting to bottom seasonally.
h/t Calculated Risk.