Home-sales boom cuts inventory, boosts median price

Potential home buyers with smaller wallets may be getting squeezed out of the market in Santa Rosa County, according to the latest data.

Local economist Rick Harper told the Santa Rosa Board of County Commissioners May 21 that inventories of homes for sale are down by 57 percent from their 2010 levels, dropping from last year as well despite rapid building trends.

Read the full article in the May 31 issue of Navarre Press. Click here to subscribe for as little as $38 per year!

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