Wednesday, February 2, 2011

Snapshot of 2005 - 2010 sales shows tax credit impact

Last month, I discussed the challenge for 2010 sales and how the tax credit pushed sales forward from later months. Thanks to our broker's sales manager, I now have a chart that shows how sales after July 2010 almost literally fell off a cliff.

Always nice to have a visual! Anyhow, the remaining Cincinnati MLS statistics from December continued to show challenges for sellers with an increase in inventory of 8% while closings fell 9%. Not exactly the direction we'd like to see.

Stay tuned for January numbers coming out in a couple of weeks. Based on the increased showing activity, we might just get a slightly pleasant surprise in year over year comparisons.

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