Last week we commented on Bay Area real estate: how high demand and low inventory remain the norm. Although the numbers are different, the situation is similar throughout the entire country.
The national median home sales price rose in August for the 66th straight month of annual appreciation.
Inventory declined year over year for the 27th straight month. Buyer demand remains strong with homes selling within 30 days on the average in August.
What to look for in the near future? Our guess would be: same old, same old.