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What would make the homes in this area go up so sharply in the last month?

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December 29 2008
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Answers (2)

Hi Bennie3,

Supply and demand. Currently there isn't enough homes for sale despite sales being slow. this pushes prices upward. I know it's weird, foreclosures are at an all time high yet there is nothing to buy. The banks are still holding their inventory.



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August 23 2010
Hi there.


With few sales, one very high sales price or one very low sales price can make a big difference up or down.  It doesn't really mean value has gone up or down.  It means there isn't a lot of data so be careful what conclusions you take away from it.
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August 23 2010
 
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