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Doug Reynolds, a Sacramento Area Realtor, provides a monthly update on the market statistics.
In April, the median price increased to $489,500 compared to $481,000 in March.
More importantly, the median is 22.4% 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.
Connect with Doug Reynolds Real Estate via FacebookYouTube, and Follow his Blog.

Clear skies,

Doug Reynolds

Realtor

916-494-8441