Though there was a slight uptick in home sales just prior to the expiration of the $8000 homebuyer's tax credit (buyers were required to be under contract by April 30 in order to qualify), it doesn't appear that the credit was a driving factor in leading home sales higher in Central Oregon.
After a slight decline in May following the passing of the tax credit deadline, pending home sales in Bend increased again in June, registering an 11% improvement from a year earlier.
Pending sales (those under contract but not yet closed) increased to 164 houses last month, up from 156 in May and 148 in June 2009.
The 164 pending sales in June was also an increase of more than 50% from the same month 2 years ago.
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