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Two hundred homes were purchased in Greater Greenville last month, or 42 percent more than in August 2010.
It’s the second consecutive month that home sales in the region were higher than the year before, with 475 residences sold in August 2010 compared to 675 in August 2011.
Home sales in July were up 25.6 percent from July 2010, according to multiple listing statistics released by the Greater Greenville Association of Realtors.
Nick Sabatine, the association’s chief executive officer, called the August figures “huge.”
You guys know I'm the last one to criticize good news about the Greenville area, and I certainly wouldn't want to criticize the housing market. It certainly is an amazing time to buy!
However, just keep in mind that we're comparing July and August of this year to two months immediately following the expiration the tax credit last year.
I will be very curious to see how 2012 compares to 2011, even as early as January. I think that will be the first real indicator we've had since probably 2009. With interest rates ridiculously low, and home prices remaining stable, I can't imagine we'll see a downward trend in the number of homes sold next year compared to this year, and possibly even compared to 2010.
Does anyone know what the current unemployment rate is for Greenville area/county?
And has it been affected ppositively by this?
Thanks
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