The demand for homes remains strong and the competition is still intense nationwide, as appreciation reaches new highs in June.
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Home Inventory Down for Fifth Straight Month, Market Even More Competitive
Low inventory in the housing market has increased competition among home shoppers. According to the first quarter Zillow Real Estate Market Report, there were fewer homes for sale in June than one year ago and much of the decline came from the lowest-valued homes sought by first-time homebuyers.
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