I just updated the Jan-Oct 2009 vs 2008 stats for the homes sold and the average prices for key school districts. Good News! The year-to-year decline was less than it was in June. I think the $8,000 1st Time Buyers Tax Credit helped as those buyers scrambled to take advantage of the credit before it expired.
While the districts still experienced some decline, the declines were modest.
Click to enlarge graph
Read More:
View Jan-Jun 09 vs 08 Home Sales Report
Read update on $8,000 First-Time Home Buyers Tax Credit
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This is good news! All the struggles and hopes of realtors are now reaping awesome results.
It’s better news for sellers to have their home sell and at a decent price. Hopefully, the new tax credit that applies to everyone will now help the higher priced homes sell for THOSE owners.