Thursday, February 24, 2011

National Home Sales up slightly

Yesterday's New York Times reported that national home sales were up slightly from December, and that one-third of the sales were of foreclosed properties and that one-third were cash only deals (which is indicative of investors being active). Here in the Middlesex North District, the number of deeds recorded in January 2011 was up 13% from the number from January 2010 (384 v 339) while the median amount of consideration stated on those deeds was up 16%, from $217,900 to $252,250.

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