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The WRA June 2023 Housing Report
Tight Inventory Hurts First-Time Buyers
As the prime season for home sales approaches, very tight inventories have kept sales low and put strong upward pressure on prices.
June home sales dropped 20.4% compared to their levels in June 2022, and the median price rose to $304,000 in June 2023, which represents an 8.6% increase over the last 12 months.
This is the first time the statewide monthly median price has exceeded $300,000 demand and tight supplies.
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