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Business
Published
08/15/10
ANNAPOLIS - Home sales across the county dropped 18.1 percent in July compared to the same time period a year ago, ending a three-month streak of growth in the residential real estate market, according to new statistics.
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The Metropolitan Regional Information Systems, a real estate listing service, reported Tuesday that 402 homes sold in the county, down from 491 a year ago and 556 in June. Home sales have been rising since April. One likely cause was the end of a federal tax credit for first-time homebuyers on June 30. The number of new listings was 870 in July, falling from 1,001 in June back to roughly the same...
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