The share of homes sold at or above the list price declined, but a West Coast market saw more than 60% of homes sell for at or above the list price.
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Rising Demand, Shrinking Inventory Fuel Median Price Growth
There are few more concrete examples of supply-and-demand economics in action than the housing market. A new report looking at April numbers shows a spike in demand and a corresponding spike in median prices. The B-side, of course, is that while demand rises, inventory shrinks, fueling the current sellers’ market.
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