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I hope you are doing great this week and that my email finds you well.
Transactions were down in August
(About 11% here locally)
Inventory is up 34%.
The average sales price has gone up 8%.
The Feds just raised interest rates again to another 0.75%. Now this doesn't automatically mean that mortgage rates will be affected, but I will keep a close eye on it as that will be a huge driver of where the market is headed for the rest of the year.
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