By the third quarter of 2010, the housing market felt the impacts of the hangover from the first-time homebuyer tax credit. Washington State saw an 18.6% drop which was actually far better than most states during the same period. Minnesota faired the worse with a drop of 37.4%. As the third quarter of 2011 comes to a close, it will be interesting to see how each state is recovering as we distance ourselves from the artificial impact the government's tax credit had on the real estate market.

States and their respective Year Over Year Percent Change (Q3 2010/Q3 2009)

States Below a a 10% Decrease
Florida: -1%
Hawaii: -4.2%
Idaho: -8.5%
District of Columbia: -9.1%
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States Below a 20% Decrease
Mississippi: -11.3%
California: -13%
Maryland: -13.3%
Arizona: -13.7%
Main: -14.3%
New Hampshire: -14.6%
Arkansas: -15.3%
West Virginia: -15.3%
Indiana: -15.4%
Georgia: -15.8%
Alabama: -16.3%
Virginia: -17%
Nevada: -17.4%
Connecticut: -18.4%
Washington: -18.6%
Louisiana: -18.9%
Massachusetts: -19.7%
South Carolina: -19.7%
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States Below a 30% Decrease
Texas: -20.8%
Colorado: -21.1%
North Carolina: -21.2%
Oregon: -21.3%
Montana: -21.4%
New Jersey: -22.2%
Tennessee: -23.2%
Kentucky: -24.1%
New Mexico: -24.4%
Illinois: -24.6%
Rhode Island: -25%
Wyoming: -25%
Alaska: -26.3%
Pennsylvania: -26.7%
Ohio: -27%
New York: -27.1%
Kansas: -28.3%
Vermont: -28.6%
Iowa: -29.5%
Utah: -29.5%
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States Below a 40% Decrease
Michigan: -30.1%
Oklahoma: -30.7%
Delaware: -31.3%
South Dakota: -31.8%
Missouri: -32.4%
Wisconsin: -32.5%
Nebraska: -33%
North Dakota: -34.3%
Minnesota: -37.4%
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Source: KW 2011 Vision Speach

To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.asp
To search the MLS database of homes for sale, visit: http://www.davidjedwards.com/search-for-homes.asp

 
This post has been included in Washington Real Estate News

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