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August 2007 Home Sales Report

“Resale home prices continue to increase with a 5.85% increase in Median Sales Price and a 1.33% increase in Average Sales Price over August of 2006. Increases in the Median and Average home sales prices have started to level off with the typical seasonal declines. We’ve seen a 13.87% decrease in sales year to date versus this same time last year.” said Scott Dean, Chairman of the Albuquerque Metropolitan Board of REALTORS.

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