July is the first month in which completed sales happened without the (up to) $8k tax credit. July numbers reflect contracts written in May and June, after the tax cred deadline of April 30. The Federal Homebuyer Tax Credit ran from April 2008-April 2010 in various forms; in 2010, the tax credit was available not only to First Time Homebuyers, but also to many current owners.
Without the tax
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