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Seventy-three out of 150 metropolitan statistical areas in the
fourth quarter show increases in median existing single-family home prices
from a year earlier, including 11 areas with double-digit annual gains and
another 12 showing increases of 6 percent or more, NAR says.
Seventy-seven markets had price declines, including 16 with double-digit
drops. Despite the annual decline in the fourth quarter median home price,
the typical seller who purchased their home six years ago still saw a very
healthy gain. The median increase in value for sellers who purchased a home
in the fourth quarter of 2001 is 31.2 percent, and the median home equity
accumulation is $49,000.
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