AUGUST MARKET UPDATE

The August numbers for the California housing market are in and both existing home sales and median sales prices continue to show healthy increases.  While the news is good across all price sectors, especially tight inventory at the lower end of the market is driving buyers to aggressive competitive bidding resulting in even faster rising prices for the few properties available.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com
310-646-7791

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