We are starting to feel the effect of the tax credit ending for most of us on June 30th. Overall, the figures for the Onslow County real estate market showed a decrease for the 2 month period ending July 31. The current supply of homes increased from 4.8 months to 5.6 months.
Click on the chart to see full-size image.
The only improvement was in the Sneads Ferry area where the housing supply dropped from 7.9 months to 7.6 months. All other areas showed an increase in the housing supply.
I am still finding that most military buyers are unaware of the tax credit being extended 1 year for those military personnel who were deployed more than 90 days between January 1, 2009 and April 30, 2010. Check with your tax professional for the details and see if you qualify for the $8,000/$6,500 Tax Credit