What is even more significant however, is that the Home Sale Trend<\/strong> over the last 3 months has broken-out above the year-over-year downward trend <\/strong>we have been experiencing for almost 3 years. Thus this upward move in home sales could mark a real change in our local market’s direction or it could be a Tax-Credit aberration, only time will tell. The black dash trend-line in the following chart illustrates this perfectly:<\/p>\n Just how much of recent market success is related to the now ‘debunked’ home buyers tax credit? Our answer would be: significant!<\/p>\n The tax credit had 2 primary effects: it brought qualifying first time home buyers<\/strong> who were hesitant into the market and it also accelerated home buyers<\/strong> whose normal purchase plans would have likely occurred in July – September. While we can’t measure the percentage of the market that fell into this category we can measure the overall market performance of the last 4 months where the tax-credit had its greatest influence.<\/p>\n February 2010 marked a 4 year low for home sales in the Huntsville Metro Area<\/strong> with only 156 transactions occurring during the month. When we compare this with June’s <\/strong>394 closings <\/strong>we see a market that has increased a whopping\u00a0 +153%<\/strong>. Certainly this growth rate is unsustainable and very likely June of 2010 will be the market high<\/strong> for the year.<\/p>\n 2010 may very well end-up being the year of lower lows<\/strong> and higher highs<\/strong>, because the Tax-Credit programs of the last 2 years have introduced an element of volatility into the normal seasonal cycle of the Real Estate Market<\/strong>.<\/p>\n Thus the next few months will be very interesting to say the least. Moreover we will be able to\u00a0 measure the effect of the Tax-Credit in October – November, when we are able to compare 2010 results with the same months of 2009 when the 1st Tax-Credit expired.\u00a0\u00a0 So there are some exciting times ahead and as always, the best way to follow our market reports is to subscribe to our RSS Feed<\/a> and stay tuned, you’ll know as soon we do!<\/p>\n – Elizabeth<\/p>\n","protected":false},"excerpt":{"rendered":" Huntsville Home Sales Break-Out Single Family Home Sales within the Huntsville Metro Area surge to 394 transactions for the month of June 2010. This represents a +14% increase over the previous month’s performance and a very significant +25% increase over June of 2009 and it occurred across price ranges indiscriminately. What a month! What is […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[26],"_links":{"self":[{"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/posts\/6345"}],"collection":[{"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/comments?post=6345"}],"version-history":[{"count":0,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/posts\/6345\/revisions"}],"wp:attachment":[{"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/media?parent=6345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/categories?post=6345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/athomeshuntsville.com\/realestate\/wp-json\/wp\/v2\/tags?post=6345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"June2010HsvSales\"](\"\/\/athomeshuntsville.com\/realestate\/wp-content\/uploads\/2010\/07\/June2010HsvSales.png\" "\\"June2010HsvSales\\"")
<\/p>\nHome Buyers Tax Credit of 2010 Effect?<\/h2>\n
Where Do We Go From Here?<\/h2>\n