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Our inventory is 54% less than a year ago at the beginning of April; 65% less than April 2011. It is not uncommon to arrive at a home
with a buyer to show, only to find a line of prospective buyers with their agents! Several price ranges, between $700’s to $1 million have
shifted from a buyer’s market to a seller’s market, and for price ranges
under $500k we have approximately one month of inventory or less!
Sales for all price ranges under $1 million are higher than last year, with
several price ranges doubling year to date sales compared to same period
last year. While prices are increasing due to low inventory and multiple
offers over list, the appraisers are challenged to adjust for the changing
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