Statewide, when comparing September 2011 to September 2010:
* The number of closed home sales increased 10.2% to 5,163;
* The median sale price of homes increased 5.5% to $115,000; and
* The average sale price of homes increased 5.9% to $138,543.
Another important indicator, however, was slightly down. The number of pending sales decreased 0.4% to 4,597. “It is difficult to put these numbers in perspective,” said Karl Berron, Chief Executive Officer. “The federal home buyer tax credit is still at work in the year-over-year comparisons and while we cannot fully account for them, we know foreclosures and pending foreclosures are a major player in our local housing markets and have been for a long while.
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