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

In June, the median price increased to $520,000 compared to the $498,500 in May.

The median is 25.3% higher than it was a year ago.

Currently there is 0.8 months worth of inventory. A “normal” or “balanced market” is considered around 2 — 3 months.

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

Clear skies,

Doug Reynolds

Realtor

916-494-8441