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Sales of Pricey Homes Surge

And median home price is going up
By Evann Gastaldo,  Newser Staff
Posted Dec 20, 2012 2:14 PM CST

(Newser) – Another sign of economic recovery? Sales of higher-end homes—those priced above $750,000—were up 50% in November from a year prior, CNBC reports. Meanwhile, sales of the lowest-end homes fell 4%. The two factors pushed the median home price across the nation to $180,600, up about 10% over last November. The reason? More people are buying homes to live in, while fewer people are buying distressed homes as investments. (Read more home sales stories.)

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