By the fourth quarter of 2010, Washington State saw a 17.5% increase in closed sales compared to the same period a year prior. This was in stark contract to an 18.6% drop during the previous quarter. Idaho saw the largest increase in closed sales with a year over year increase of 103.1%. Virginia was the only state not to post a gain. They dropped 5.4%. As we distance ourselves from the expiration of the first time home buyer tax credit, it's clear that it had an immense impact with an equally immense hangover.
States and their respective Year over Year Percent Change (Q4 2010/Q4 2009)
Above 50%
Idaho: 103.1%
Vermont: 55.0%
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Above 30%
Minnesota: 33.6%
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Above 20%
Iowa: 28.2%
North Dakota: 26.1%
Oregon: 26.1%
Utah: 25.5%
Nevada: 23.9%
Alaska: 23.8%
Missouri: 23.7%
Wisconsin: 22.7%
Wyoming: 22.2%
Colorado: 20.1%
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Above 10%
Florida: 19.9%
Hawaii: 19.6%
New Mexico: 19.4%
Kansa: 19.2%
Nebraska: 18.0%
Michigan: 17.7%
Washington: 17.5%
New Hampshire: 17.1%
Illinois: 16.3%
South Carolina: 15.6%
Arizona: 15.3%
New York: 15.1%
Connecticut: 14.0%
Delaware: 13.6%
North Carolina: 13.5%
Massachusetts: 13.3%
Mississippi: 12.6%
Maine: 12.5%
Tennessee: 12.0%
Texas: 11.7%
Pennsylvania: 11.5%
West Virginia: 11.5%
Montana: 11.4%
Ohio: 10.8%
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Above 0%
New Jersey: 9.7%
Maryland: 7.4%
Oklahoma: 7.3%
Rhode Island: 6.7%
South Dakota: 6.7%
Arkansas: 6.0%
California: 5.6%
Georgia: 4.8%
Kentucky: 3.4%
Louisiana: 3.4%
Alabama: 2.5%
Indiana: 0.5%
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Virginia: -5.4%
Source: KW 2011 Vision Speach
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