The average home price in the six-county region clocked in at $829,557 in November, down 0.1% from October, according to data released by Zillow this week.
Bauchaud said mortgage rates are likely to remain high, which will keep inventories tight as many existing homeowners choose to stay put. At the same time, those high rates should also keep prices from surging, since they limit how much people can afford, Bauchaud said.
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