May 2010 posted very strong sold results with the overall market up 20% in closed residential sales and 23% increase in condo/townhome sales compared to May 20o9. The expiration of the home buyer tax credit program spurred good sale results but also left us with a little bit of a hangover for new homes going under contract.
May 2010 residential under contracts decreased by 27% compared to this time last year. My best guess is that we will see a decrease in closed residential sales for the next 30-60 days.
Based on Information from Metrolist, Inc. for the period Jan 2008 through present.Note: This representation is based in whole or in part on data supplied by Metrolist, Inc. does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist, Inc. may not reflect all real estate activity in the market.
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