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Southeast Valley Now a Buyers Market.
The number of single-family homes for sale in the southeast valley
reached the highest number in recent years in January. It was not
the record but the number of homes for sale was above 11,500.
The last time the Southeast valley had close to as many listings
was late in 2002, early 2003. Realtors and analysts believe the
number is so high because investors are dumping properties. Home
sales tend to be slow in the beginning of the year.
Many people were waiting to see what would happen with interest
rates and home values and finally went ahead and put their homes
on the market. Many thought they could get the high values.
The average time on the market lengthened to 47 days, compared to
four days in January 05 and 68 days in January 04.
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