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Home buyers outpace sellers

Frank Medeiros and his wife, Anne-Marie Baker-Medeiros, put their Concord house up for sale in late July as buyer interest increased. They decided not to wait for the fall. Frank Medeiros and his wife, Anne-Marie Baker-Medeiros, put their Concord house up for sale in late July as buyer interest increased. They decided not to wait for the fall. (Wendy Maeda/globe staff)
By Jenifer B. McKim
Globe Staff / August 11, 2012
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The number of homes for sale in the Boston area has dropped from a year ago, increasing competition for properties and pushing up long-depressed prices, a trend real estate specialists say could speed the housing market’s recovery. New figures released by the online brokerage firm Redfin.com show that the region’s inventory of single-family homes, condominiums, and townhouses dropped by more than 37 percent last month, to 16,947,cq compared with 27,024cq for sale during July 2011.

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