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Based on statistics released 4/19/12 by the Greater Capital Association of REALTORS the local residential real estate market is showing signs of improvement, as reflected by activity and prices. One local expert is quoted as saying, “Sales prices, which reflect transactions negotiated 2 or 3 months ago, are up as well. The average price in March was up 5% from last March while the median price increased 10% in the same period. Both these figures point towards a more active market which can lead to a more balanced market.”
http://www.gcar.com/media/capital-region-housing-market-improves-as-contracts-of-sale-prices-climb/
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