Thursday, July 7, 2011

Second quarter activity below last year, but no tax credit to spur market

Second Quarter Closed Transactions

Activity during the second quarter this year was 20%  lower than the second quarter of last year. 

Transactions closed more quickly.  The average sale price was 30% lower.

In 2010, buyers took advantage of the federal tax incentive. That incentive is gone, so a decline in numbers is not surprising.

If you'd like the selling details of the home that sold in your neighborhood, just ask.

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