Wednesday, August 04, 2010

Local home sales plummet in July

The quantity of July, 2010 reported sales of single family homes (by various participants in our MLS) in New Tampa and Wesley Chapel took a dive from June, 2010 and from July, 2009*:

New Tampa (July, 2009)  87
New Tampa (June, 2010) 86
New Tampa (July, 2010)  50

Wesley Chapel (July, 2009)  65
Wesley Chapel (June, 2010) 74
Wesley Chapel (July, 2010) 51

The poor July sales contrast with June, 2010 sales which were up from May, 2010 and June, 2009.  There was an expectation that due to the federal tax credits (which originally were scheduled to expire on June 30, 2010), many home sales were going to be "pulled forward" to close before the end of June and that a drop in home sales likely would occur in July. 
*Data reported in MLS through 8/03/2010 deemed reliable but not guaranteed.

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