Home Prices Rose 7% in 2017: Redfin

Inventory has been tightening for 27 months straight

Via Inman
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Home prices rose 6.8 percent year-over-year in the month of December, pushing the median home sale price up to $287,000, according to Redfin’s December housing market report. Home sales for the month were down 2.8 percent, and the level of available for-sale inventory plummeted 14.5 percent year-over-year, making December the 27th month of consecutive declines.

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