HOME SALES UP NATIONWIDE

Posted on January 25, 2009. Filed under: -- Real Estate Guide For Today's Market, -- Uncategorized | Tags: , , |


 

By Molly Greaves

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According to the Austin Business Journal, the number of foreclosures may be up, but there are people out there buying too.

Sales of previously owned homes rose 6.5 percent to 4.74 million last month, up from 4.45 million in November, according to the National Association of Realtors.

And while sales are up, prices continue to go down.

Nationwide, the median sales price fell to $175,400, down 15.3 percent from $207,000 a year ago.

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