Not surprisingly, single family home sales and condominium sales in June 2010 jumped to their highest levels since 2006. The $8,000 first time home buyer credit and the $6,500 trade up tax credit certainly fueled the market. Unfortunately I think next months data will show a substantial drop in sales. The market has been relatively slow since the April 30th deadline expired.
From the Banker & Tradesman:
Single-family home sales increased 28 percent in June, the fifth straight month of double-digit percentage increases. A total of 5,726 single-family homes sold in June, up from 4,457 a year earlier. Sales volume hasn't come this close to 6,000 since June 2006, when there were 6,152 sales.
Bay State condos posted strong increases in June, jumping 31 percent from a year earlier. A total of 2,511 condos sold in June, up from 1,915 a year earlier. Condo sales haven't exceeded 2,000 since August 2009. Year-to-date condo sales also surged 30 percent to 9,735, from 7,466 a year earlier.
Here's a link to the Full Story