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Doug Reynolds, a Sacramento Area Realtor, provides a monthly update on the market statistics. In July, the median price increased to $422,745 compared to $415,000 in June. More importantly, the median is 8.4% 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.

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Clear skies,

Doug Reynolds

Realtor

916-494-8441