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Doug Reynolds, a Sacramento Area Realtor, provides a monthly update on the market statistics.

 

In August, the median price increase to $515,000 compared to the $510,000 in July. The median is 21.2% higher than it was a year ago.

Currently there is 1 months worth of inventory.

A “normal” or “balanced market” is considered around 2 — 3 months.
The Market is currently favoring sellers.

 

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

Clear skies,

Doug Reynolds

Realtor

916-494-8441