C. C. and Chris Wall Providence RI Real Estate

More on our first half of the year 2010 results for single family homes on the East Side of Providence. As this chart shows, the market was driven by the first time homebuyer segment, accounting for 43% of unit volume.  A full 77% of the unit volume was done under $700,000.  The over $700K segment as well as the over $1MM segment we ...

So how did the first time homebuyer tax credit impact average days on market?   In our view, it doubled the momentum of sales.  Days on market for single family homes on the East Side of Providence decreased from nearly 2 months to 3 weeks on average.  That's fast.  We can't help but think that the first time home ...

The first half of 2010 saw a 64% increase in unit volume over the same time last year.  No doubt that the first time homebuyer tax credit provided the stimulus for this increase in sales.  What we don't know is if volume that would have occurred in that later part of the year was simply moved up into the first half. Regardless, sales ...