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Yes this is a normal Spring phenomena. We also believe that many buyers have been waiting anxiously for some good news about the economy. Now that good news is beginning to trickle in about the jobs/unemployment rate improving, the stock market increasing, etc, consumer confidence is compelling these buyers to increase their activity. Sellers have a different perspective. Home prices, though improving very slowly, are still low. Unless these sellers are forced to move because of life changes, there is likely to be a shortage of inventory for a while.
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For Sale: $309,900
For Sale: $500,000
For Sale: $649,900