The market had a rebound in December for existing home sales, jumping 3.6% compared to December 2010 according to statistics provided by The National Association of Realtors.  Overall inventory also decreased, sales in the Northeast rose 3.3 percent compared to December 2010.

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According to the National Association of Realtors pending homes sales have reached a 19 month high, the highest since April 2010.  This is a good sign because it shows that this high has been reached without the assistance of the Home Buyer Tax credit.  As with the rest of the economy we hope to see this high sustained and an indication of a move towards more positive economic ground.

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Pending Home Sales Rise Again in November, Highest in a Year-and-a-Half.