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Market Data from 3rd Quarter Shows Many Positive Indicators!

What a difference a year makes - sales and prices are up and inventory is down!

Posted Tue, Oct 23, 2012 at 9:41 pm ET|Updated Sat, Nov 3, 2012 at 2:35 pm ET

The third quarter market data is in and Forsyth County has many key indicators going in the right direction.

Here are the highlights:

* YTD sales of single-family detached residences are up 7.7 percent from the same time last year.

* The percentage of foreclosure sales dropped 5.0 percent to 10.7 percent of total sales.

* The percentage of short sales increased from 13.6 percent to 16.4 percent.

* The median sales price saw a 4.8 percent increase, marking the third consecutive quarterly increase after several years of decreased values.

* The median Days on Market was 84 - a 4.5 percent decrease.

* And perhaps the brightest spot for home sellers - overall inventory is down 27 percent from this time last year.

Let me know if you would like more detailed information or have any questions in the comments below.

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