The market is hot, there is high demand and low inventory. Everywhere you read, people are talking about the return of multiple offers in the sizzling real estate market. Buyers or potential buyers want to know how quickly prices are increasing so they can have a better idea of how to bid on properties. How much are the prices increasing?
Here is an analysis from February to March of 2013. Look at some of the numbers.
Look at the increase in prices for Condo/Townhomes +11% and Single Family Homes 3%. This is not year over year, but for one month.
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