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2009 was a challenging year but there were many bright spots in east central IN. The inventory of homes for sale is lower than it has been in years and interest rates remain in the low-5% range. The inventory of homes over $300,000 has been cut in half with just over a 12 month supply remaining. Pending contracts, a reflection of future sales, are up around 5% from the same period last year and "Days on Market" for sold properties has decreased slightly. I believe there's reason to be quite optimistic about the potential for 2010.
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