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  • Home sales jumped nearly 9 percent in March compared with March 2016, even as the number of homes for sale plunged 13 percent, according to a new report from Redfin.
  • That resulted in the fastest average sales pace since Redfin began tracking in 2010. The typical home went under contract in just 49 days, down from 60 days a year ago.
  • The median price of a home sold in March was $273,000, up 7.5 percent year over year.

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By Diana Olick CNBC