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April Market Update

What’s the big news this month?  There were twice as many sales in March 2009 (3,534) as there were in March 2008 (1,780).  Buyers are taking advantage of low prices and low interest rates or taking their cash and investing it in real estate for future equity or current income.

With current listings at 18,624 (Single family 14,129/CondosTownhouses 4,343)and 9,643 properties under contract,  the sales numbers for March 2009 are

Total Sales                             3,534

Single Family                         2,924

Bank Owned                         2,305

Short Sales   202

Regular Resales  391

Condos/Townhomes            601

Bank Owned     503

Short Sales           31

Regular Resales 64

Broken down by sales price, the numbers are

$100,000 and under                                     1,103

$101,000 to $200,000                               1,562

$201,000 to $300,000                                 567

$301,000 and up                                              298

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