Showing posts with label second quarter housing market. Show all posts
Showing posts with label second quarter housing market. Show all posts

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.