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Existing home sales up

Las Vegas-based SalesTraq today reported 3,173 existing home sales in July, up 56.5 percent from the same month a year ago and the highest monthly total since September 2006.

On the down side, prices continue to fall as 61 percent of sales were bank-owned homes with a median price of $193,000, dragging the overall median down 23.9 percent from a year ago to $210,000.

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