Preliminary report shows Bakersfield’s real estate market remained stable in July

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Local real estate appraiser Gary Crabtree is out with his preliminary housing report for July showing a healthy market.

Crabtree says it shows a great deal of stability in the Bakersfield market as it continues to recover from the 2007 recession.

Supply has increased very slightly from the last report from June and is slightly up since June 2017.

The median closed price is up $15,000 year over year.

Crabtree’s report will be released in the third week of August.

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