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In December, the median price increased to $445,500 compared to $440,000 in November. More importantly, the median is 15.5% higher than it was a year ago. Currently there is 0.5 month worth of inventory. A “normal” or “balanced market” is considered around 2.5-3 months.

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Clear skies,

Doug Reynolds

Realtor

916-494-8441

   

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