Rick Freeman, a Realtor in the Raleigh, North Carolina, area has seen a 23 percent increase in inventory of existing homes compared to this time last year.

The new home market is no different -- ushering in a 21 percent rise in inventory to greet this new year.

Recent stats indicate that the average sales price is $250,000, with a 4.1-month supply of homes on the market. 71 days is the average market time for Raleigh.

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Published: January 9, 2008

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