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Tax credit boosted home sales

Second-quarter home sales in Washington jumnped almost 28 percent over 2009 levels as buyers rushed to take advantage of an expiring $8,000 federal income tax credit.

But a report released today by the Washington State Real Estate Research Center  also showed median prices fell 6.9 percent compared with the 2009 quarter, to $246,800.

Spokane County home sales increased 23 percent, with the median price slipping 3.7 percent to $171,400.

The center’s results mirrored those of two other reports released this week, one by the Spokane Association of Realtors, the other by on-line service Zillow.


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