raleigh homes: Market Update for Research Triangle Park, NC- Year Ending 12/31/2009
- 02/24/10 05:41 AM
Home sales in the Research Triangle Park area of NC rose 19,5% in the 4th quarter, but finished the year down 14.6% when compared to 2008. Fourth quarter home sales were stimulated by the federal first time homebuyer tax credits which were set to expire at the end of November before being extended by Congress. Sales in November were up almost 70% from 2008, but December sales were actually down 7.3% when compared to 2008. Through the first three quarters of the year home sales were down 19.5%. Of the three counties comprising the Research Triangle Park area, sales in Durham … (1 comments)
Home sales in the Research Triangle Park area of NC rose 19,5% in the 4th quarter, but finished the year down 14.6% when compared to 2008. Fourth quarter home sales were stimulated by the federal first time homebuyer tax credits which were set to expire at the end of November before being extended by Congress. Sales in November were up almost 70% from 2008, but December sales were actually down 7.3% when compared to 2008. Through the first three quarters of the year home sales were down 19.5%.
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