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“The inventory concerns me. That's about 3,400 homes above where we were last January. That is a pretty high number to be starting with.”
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“It has been the higher-end market that has been driving up the average and median prices of all homes for the past 18 to 24 months, so if that starts to cool, we might start seeing an adjustment across the board.”
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“I'll be watching that closely over the next three or four months to see if that is the trend.”
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“Basically, the market is flat.”
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