Realtors have repeatedly said rising home prices are due to low inventory, where consumers are having hard times finding the ideal home. The average home price was $195,303 in June.
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The $170,000 median home price is a jump of 7.5 percent from this time last year. But the total sales volume dropped 3 percent from June 2018 to $298 million. There were also 5 percent fewer home listings in June than the same month last year.
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The median home price for the first half of the year was $149,000 up 6 percent from last year and the cumulative sales volume jumped 5 percent to $1.3 billion during the first six months of 2019.
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