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Single-family median sale price jumped back above $2 million in September, finishing 18.4% higher than a year ago at $2,054,000.

Inventory breaks out of its summer plateau

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Buyers are gaining leverage for the first time in a while

The spring rally has given way to a summer cooldown

Inventory keeps building, and that is the real story this month

Existing home sales eased from June's pace but held slightly above last July, keeping demand roughly flat year over year.

Inventory declined in July, slipping below year-ago levels for the first time in months, and new listings fell sharply from June.

Median home sale prices pulled back from June's twelve-month high, but at $434,100 they remain nearly 2% above where they stood a year ago.