Residential Real Estate: Marketplace Stats for August 30, 2019

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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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