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Charlie Glahe WIN Broomfield

New report sheds light on housing market

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A new report from Zillow has revealed some interesting information that real estate agents should know as they help clients find the perfect home.

During the month of May, the median U.S. home price increased to $186,100. Entry level home prices rose nearly twice as fast from one year ago.

However, stock of entry level homes has decreased, indicating demand for housing remains strong in many markets. Buyers should be aware of tightening inventories in some markets because it may drive up prices.

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