More signs that the local economy may be rebounding… this time coming from the latest housing market numbers.
The Capital Area Association of Realtors says both home sales and home prices were up sharply in the first quarter of 2012, compared to the same period a year earlier. Sales of existing homes climbed more than five-percent in the first quarter… while median home sales prices shot up by more than 15-percent. The median home sale price of 113-thousand-dollars is a new local record for the first quarter.
The association says the numbers reflect ongoing low interest rates and higher consumer confidence in the economy.