How sales, inventory, and interest rates are affecting the currrent real estate market.
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Let's look at the facts. The average sales price of a home in Hillsborough County Florida in October 2005 was $269,403. Today the average sales price is $156,775. Down a $112,628. Mortgage rates were at 5.66% (30 year fixed rate) in October 2005, today they are at 5.03%. This is about a $63. savi...