CALIFORNIA DOMINATES THE LIST OF HOTTEST HOUSING MARKETS

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It’s a height-of-summer tradition: The U.S. housing market tends to peak in July or August. And while demand this year remains strong, a preliminary analysis of our site’s data for July shows that housing inventory—homes available for sale—is finally starting to catch up. Sort of.

“We are now entering the time of the year when both inventory and demand typically reach their peak,” said Jonathan Smoke, chief economist of realtor.com®. “The dog days of summer slow down the pace of activity, just as the school year creeps closer.

“This year we’re seeing inventory continue to grow in July, albeit at a slower pace than this spring,” he continued. “And while demand overall is strong, the trend in median days on market is suggesting that the market is finding more of a balance, which bodes well for more moderate price appreciation in the months ahead.”

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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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