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News Story
Updated: 06/23/2012 08:00:20AM

Home prices rise while sales dip

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By BRENDA BARBOSA

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While area closed home sales saw an overall decrease in May, record-low inventory levels are pushing prices upward — a sign the market continues on a steady road to recovery, housing experts said.

According to local home sale figures released this week, Charlotte and Sarasota counties both saw drops in closed sales for the month of May in both the single-family and condo categories. At the same time, median prices went up in May from the previous month.

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