The National Association of Realtors reported that resales of homes rose 7.6% in Aprill 2010 to a seasonally adjusted rate of 5.77 million buyers. Much of this increase is attributed to the increase of buyers scurrying to complete purchases before the First Time home Buyer's Tax Credit expired.
Still sales were stronger than what was expected. The national inventory level represented an 8.4 month supply of homes if the April rate were to continue. The median price of a home in the nation also increased 4% to $173,100.
This is all good news in what so far has proven to be a better than expected start to 2010 in the real estate market.
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Homes in Tallahassee
Piney Z Specialist
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