September 2010

There are 2 blog entries for September 2010.

I've linked the latest stats below.  All areas from:

  • January-August '09 vs. January-August '10

The good news is that overall number of transactions has increased by 15.2% year to date and median sales price has increased 1.9% year to date.  The bad news is the year to date number of transactions was up 30% at the end of June and 20% at the end of July.  It is still up 15.2% but seems to be dropping and likely headed for a 10% gain by the end of the year.  We had 8100 closed transactions in 2009 and will likely have between 8800-8900 transactions in 2010.  Overall inventory has dropped, but not significantly.  We still have over 12 months of inventory.
 
More good news is that some specific MLS areas have significantly out-performed the overall market. 

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Real Estate Sales Tax?Many of you may have seen recent emails talking about a Sales Tax on real estate sales.  Below is the article from the National Association of Realtors website which is a great resource for current information that provides an accurate summary of the new provisions.

No 4.0% “Sales Tax” on Home Sales in Recently Enacted Health Reform Bill

Contrary to reports and newspaper articles circulating widely on the Internet, there is not a 4.0% "sales tax" or "transfer tax" on the sale of a home included in the recently signed health care reform bill. The analysis underlying these reports is incorrect and fails to take into account the interplay of the bill's provisions with already existing real estate tax laws that remain unchanged.

What was included in the health

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