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Lack of inventory continues to haunt home sales

from Lehigh Valley Business

Like the weather, the residential real estate market shows signs of cooling down. In September, the Greater Lehigh Valley saw closed sales drop by 9.1 percent and new listings fall by 6.4 percent compared to September 2017. Yet buyer activity remained brisk as homes sold on average 16.5 days sooner. Region-wide, average sales prices rose 4.7 percent compared to homes sold last September. more

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