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The effect of the Federal Tax Credit this past spring really showed up in the Homes Sold numbers for July. The number of sales was down substantially over June of this year, and not surprisingly, the total dollar value was also down. The Northeast Cincinnati Analysis for July 2010 shows a 24.76% decrease in the number of homes sold over June 2010. Homes Sold in July 2010 was 79 and in June the number was 105. The yearly reduction was nearly the same with a reduction of 21.78% from July 2009 when Northeast Cincinnati Homes Sold was 101. The total dollar volume also decreased. July 2010 total dollar volume as $24.81 million. July 2009 was $31.59 million. This shows decrease of 20.13% in total dollar volume since last year. Total dollar volume in June 2010 was $47.52 million. |
