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	<title>Ruhl &#38; Ruhl REALTORS&#187; statistics</title>
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		<title>Q-C home sales show strength</title>
		<link>http://ruhlblog.com/2010/01/26/q-c-home-sales-show-strength/</link>
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		<pubDate>Tue, 26 Jan 2010 19:28:17 +0000</pubDate>
		<dc:creator>ruhlhomes</dc:creator>
				<category><![CDATA[Real Estate News]]></category>
		<category><![CDATA[caroline ruhl]]></category>
		<category><![CDATA[davenport]]></category>
		<category><![CDATA[federal tax credit]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[housing sales]]></category>
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		<description><![CDATA[The Quad-City housing market saw housing sales end the month of December ahead of a year ago. &#8220;When we compare our 2008 numbers to 2009, we are up significantly,&#8221; Kris Ratigan, Mel Foster Co.&#8217;s marketing director, said Monday of the market&#8217;s performance. Citing statistics from the Quad-Cities Multiple Listing Service, or MLS, which tracks all [...]]]></description>
			<content:encoded><![CDATA[<p>The Quad-City housing market saw housing sales end the month of December ahead of a year ago.</p>
<p>&#8220;When we compare our 2008 numbers to 2009, we are up significantly,&#8221; Kris Ratigan, Mel Foster Co.&#8217;s marketing director, said Monday of the market&#8217;s performance.</p>
<p>Citing statistics from the Quad-Cities Multiple Listing Service, or MLS, which tracks all homes sales in the market, she said the area closed $38.193 million in sales in December. That compared with $32.142 million a year earlier. The number of units sold was 241 in December, which was flat with 233 units sold in December 2008.</p>
<p>Caroline Ruhl, the president of Ruhl &amp; Ruhl Realtors, said her company saw an 11.7 percent increase in units sold in December from a year ago. Sales volume was up, from $34.32 million to $41.38 million, in Ruhl &amp; Ruhl&#8217;s combined markets.</p>
<p>But the Quad-City area saw sales slide from November to December. In November, the Quad-City MLS posted $48.74 million in sales with 372 units sold. The November performance was boosted, in large part, by first-time homebuyers rushing to close deals ahead of the original federal tax credit deadline.</p>
<p>&#8220;We slid, but you normally go down in December because of the cycle,&#8221; Ratigan said, adding that the holidays and winter weather traditionally slow down the market.</p>
<p>However, the average sales price for the MLS of $158,478 in December was above both November&#8217;s $131,379 average and the $133,657 average a year ago, she said.</p>
<p>Ruhl said one of the indicators to watch is pending sales, which showed strength in December. Her company posted a 26 percent increase in volume and a 39 percent increase in units in year-over-year comparisons.</p>
<p>&#8220;That&#8217;s a huge December,&#8221; she said, adding that the sales were &#8220;riding the first-time homebuyer tax credit, good interest rates and what I think is pent up demand.&#8221;</p>
<p>Across the Midwest, home sales declined from November to December, but ended the last month up 9 percent from prior-year levels, according to the National Association of Realtors.</p>
<p>There were 86,000 sales in the 11-state region last month, with a median sales price of $173,600, up almost 4 percent.</p>
<p>That was slightly weaker than the national trend.</p>
<p>Total home sales across the country were up nearly 15 percent in December, without adjusting for seasonal factors. The median home price nationally gained nearly 4 percent, to $225,400.</p>
<p>(The Associated Press contributed to this story.)</p>
<p>Provided by: QC Times, Jennifer DeWitt</p>
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