Residential Real Estate: Marketplace Stats for August 30, 2019

Housing sales

Housing inventory remains low at just 1.6 months, meaning that’s how long it would take to sell the region’s available housing. That’s down 5% from a year ago, when inventory was already tight. The result of the low supply is that prices continue to rise—up 5% over last year to an average of $234,298 for June and July.•

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