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July 2007 Home Sales Report

“Resale home prices continue to increase with a 11.99% increase in Median Sales Price and a 11.91% increase in Average Sales Price over July of 2006. We’ve seen a 9.927% decrease in sales for July 2007 versus July 2006” said Scott Dean, Chairman of the Albuquerque Metropolitan Board of REALTORS. The housing market continues to level off as the housing inventory continues to increase”, concluded Dean.

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