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Median Home Prices Down; Sales Up

March 26, 2009

In February the median home price was $144,000.  That price is down some 43 percent from  year ago and is now the lowest price since 2001.  Pending sales in February hit the highest levels since April of 2006.  The interest rates are low, the credit markets are beginning to thaw, all of which is leading to increased sales activity.  Sales of homes in Florida increased twenty percent and 5.1 percent in the nation.

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