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Home / News / Construction and Real Estate / Strong price growth and declining inventory signal another competitive Spring for homebuyers (access required)

Strong price growth and declining inventory signal another competitive Spring for homebuyers (access required)

Home prices increased 7.8 percent year over year in January, according to Redfin. The median sale price was $280,500 across the markets Redfin services. Sales were down 7.9 percent annually as the ongoing inventory shortage showed no signs of ending. The number of homes for sale in January dropped by 14.4 percent, the largest year-over-year ...

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