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Inventory Remains Tight,
Pushing Sales Down and Prices Up
Following recent patterns, weak inventories limited sales of existing homes and drove prices up significantly.
July 2023 closings slid 20.8% compared to July 2022, and the median price rose 7.5% to $300,000.
This was the second straight month where the statewide median price was at or above the $300,000 mark.
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