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Saturday, May 26, 2012

Is the Market Stabilizing?

 Home Inventories Fall by Nearly 20%
Home inventories of for-sale listings continue to fall, which may help raise overall housing prices as demand picks up.
“These key indicators continue to suggest the housing market may be at a turning point and headed towards a broad-based recovery,” REALTOR.com notes in a release on its April housing data. “Lower inventories, combined with faster moving markets and relatively stable median listing prices are indicative of the kind of balanced housing market that has not been seen in many years.”
 It has been my recent experience that homes in the 200K range are moving quickly here in the Aurora area.  

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