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These 10 cities were the most profitable markets for people flipping a house in 2012, according to RealtyTrac. Can you guess which city had the highest average profit on flipped homes?
Total housing units: 661,507
Single family flips: 1,203
Average pre-flip purchase price: $108,851
Average flipped price: $146,871
Home sales and prices are clipping along nicely in the greater Nashville area: Existing home sales are up 24 percent from a year ago, and the median home price improved from $179,000 in 2012 to $195,000 by May of this year. And inventory is tightening, with the number of available single-family homes shrinking by nearly 3,000 over the past year.
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