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April 16, 2014, 4:53 pm

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Area Home Prices and Sales on Upward Trend


Springfield home sales… and prices… remain on an upward trend.

 

Local stats show February sales skyrocketed 30-percent compared to a year earlier, and median prices were up 10-percent.

 

The Capital Area Association of Realtors says pent-up demand and increases in hiring have sent more people into the housing market.

 

Now they are concerned that a shrinking supply of homes could drive prices too high.

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