For 9 consecutive months and 3 consecutive Quarters, sales stats have been better than the same period in the previous year. For example, sales in May 2010 were better than May 2009 both in terms of total sales and in terms of total sales volume, the 2nd Quarter of 2010 was better than the 2nd Quarter of 2009... and so on. That changed in July 2010; and the sales numbers were NOT as good as July 2009 - or for any July going all the way back to 2005. In July 2010, there were 85 sales in Moore County, compared to 102 sales in July 2009, 125 sales in July 2008, 159 sales in July 2007 and 165 sales in July 2006. These sales inlcude the sales of single family homes, condos and farms in Moore County, NC only. Vacant land, lots, commercial and multi-family dwellings are not included, nor is property in any adjoining county. It is hard to say why the 9 month streak was broken. The expiration of the home buyer tax credits on June 30 may account for some of the slowdown, but it is unusual in our market to see such a slow July on a comparative basis (to other months and to the same month in previous years). For more info about real estate in and around Pinehurst & Southern Pines, NC, visit us at: http://www.mcdevitttownandcountry.com. If you have specific questions about our market or background info about the data summarized above, just e-mail me and I will be happy to send you details and even the raw data if you are interested. noel.mcdevitt@sothebysrealty.com
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