Record number of homes placed under contract in September

According to Midlands MLS residential statistics, more homes were placed under contract in September than any other time in history.

A total of 404 single-family residential listings were placed under contract, a 40 percent increase over the same time in 2008. Of those homes, 52 percent of them were priced $80,000 – $159,999, which could be a result of first-time home buyers trying to get their transactions closed in time to take advantage of the $8,000 tax stimulus.

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