Sales of new and existing homes in the Triad rose 15.5% in the fourth quarter of 2009. That sounds like a huge increase to me. Must mean it had really tanked before!
Increase in sales the last quarter of 2009 is credited to the low interest rates and the government tax incentive to buyers. The tax incentive was scheduled to end in November so many people who were planning to buy stepped up their efforts to take advantage of that incentive.
This is the first “year-over-year” increase in three years, meaning the first time there has been an increase in sales one quarter compared to the same quarter the previous year. The last year-over-year quarterly increase came in fourth quarter 2006 when sales reached 3,495.
Alamance, Guilford and Forsyth counties had 2,248 sales the last quarter of 2009 compared to 1,946 the same quarter in 2008. Looking back to 2006, its an increase, but still an increase over a very lean 2008.





