Archive for August, 2010
July Home Sales Slip 35%
Posted in Market Update on August 26th, 2010 by Lindsay – Be the first to comment
The rush to buy homes before the federal tax credit program for housing expired on April 30 caught up with sales (closings) in July. March closings were up 15%, April 34%, May 26%, and June 8%. But July, off 35%, broke that string of gains. Overall, for the first seven months of the year, sales are still up 3% (10,816 compared to 10,495 the same period one year ago). The spring buying simply accelerated sales from summer buying.


