|Hi << Test First Name >>,
It was announced US Wholesale inflation spiked 8.3% last month, the highest ever since recording the stat. This type of inflation is important to note because it shows how fast prices are increasing. Especially in the housing market, where inflation shows most prominent. (Remember, all cash flows to housing and stock markets).
For Example, take a look at California, DC or any large metro area to predict market movements in our local area. California has an avg. sales price for the state at $800,000. Tally has an avg sale price of $321k. Over $400k difference.
Prices are running away…look at previous 6 months sold avg Vs. Active listings below.
Past 6 months: Median Price, $285k, Avg Price $321k.
Active listings: Median Price, $307k, Avg Price $350k.