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In my neighborhood prices are continuing to go up. If you look at the price difference from now to a year ago things are up nearly 20%. But the rate of increase has really slowed in the past few months. The real estate agents are still reaching for the sky though, and so they price the house $80K above the last one that sold, and then they have to lower the price a couple times, but it still ends up selling $30K over what a similar house did three months earlier.
My neighborhood is 25 years old, but 3 houses down is the end of the cul-de-sac. On the other side of the wall is a new development. The 2450 sq foot houses in the new development have gone up from $780K to $970K in price from March to August.
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