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Doug Reynolds, a Sacramento Area Realtor, provides a monthly update on the market statistics. In October, the median price increased to $439,950 compared to $438,000 in September. More importantly, the median is 14.3% higher than it was a year ago. Currently there is 0.7 month worth of inventory. A “normal” or “balanced market” is considered around 2.5-3 months.

Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.

Clear skies,

Doug Reynolds

Realtor

916-494-8441

   

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