Tri-State Housing Market In Better Shape Than Rest of Country
Save Email Print
Bookmark and Share
Updated: 7:48 PM Feb 23, 2010
Tri-State Housing Market In Better Shape Than Rest of Country
The local real estate market is in better condition than the rest of the country.
Posted: 6:59 PM Feb 23, 2010
Reporter: Bill Murray
Email Address: bill.murray@wsaz.com
width:200 and height: 150 and picwidth: 200 and pciheight: 150
Font Size:

HUNTINGTON, W.Va. (WSAZ) -- If you're trying to sell a home in the Huntington/Charleston area, count your blessings and, in some cases, count your cash.

The Tri-State housing market is holding up better than the rest of the country.

"Right now, January sales in 2010 compared to 2009 have just skyrocketed," said Jeff Maddox, director of the Huntington Board of Realtors. "A lot of it has to do with first-time home buyers out there who want to buy. If they're in the position to do it, now's the time."

According to the IRS:

The Worker, Home-ownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase.

The maximum credit amount remains at $8,000 for a first-time home-buyer -- that is, a buyer who has not owned a primary residence during the three years up to the date of purchase.

In Huntington, the Board of Realtors paints a picture that's much more positive compared to other parts of the country.

Comparing January of 2010 to January of 2009:

  • There was a 29 percent increase in residential units sold.
  • There was a 3.4 percent increase in the average residential selling price.

Latest Comments

Posted by: Anonymous on Feb 24, 2010 at 09:01 PM

Try San Antonio TX...3000 sq ft, in-ground pool, nice neighborhood, 154,000 and many other very nice houses with pools for 130,000s to 150,000, or High Point NC area, nice houses priced better than here
Posted by: Sheila on Feb 23, 2010 at 11:00 PM

I had my house on the market for 7 months and it didn't sell with hardwood floors and updates 4 bdrm 1 1/2 bath for 99k
Posted by: MO on Feb 23, 2010 at 10:52 PM

Please name a part of the country to compare WV to. I would sure like to know what could possibly be any cheaper than WV? I can't think of any that would be worth living in....please fill me in.
More Stories
$310,000,000
Go to our mobile site | Make this your homepage (IE)
Live Feed Now on the Always On Channel

Local Events

Loading…
Events by eviesays.com
WSAZ Digital Business Search
Popular Searches
Powered by Local.com
Click here to send us your pictures and video pix@wsaz.com
WSAZ.com Most Popular / Most Comments
CNN.com News Headlines
WSAZ.com Sponsor Sections & Links
SOMC-Very good things are happening here SOMC
Very good things are happening here. Click here to learn more
Click here for closing and delays
Click here for school closings and delays
West Virginia Lottery nightly @ 6:59pm on WSAZ click here for numbers and drawings
Watch the Lottery Live Monday - Saturday @ 6:59pm on WSAZ NewsChannel 3. Need to check your numbers? Click here.
Ohio Lottery
Watch the Ohio Lottery Drawings weeknights @ 7:29pm and Cash Explosion Saturday @ 7:30pm on WSAZ NewsChannel 3.
WSAZ Children's Charitable Foundation
Click here to donate and help WSAZ help children at risk in our region. Thank you.
Making Moms LIfe Easier - with Diane Dimoff
Click here to see how our partners are making Moms and women's lives easier.
First Warning Hour-By-Hour Forecasts
+ Ashland, KY
+ Athens, OH
+ Beckley, WV
+ Charleston, WV
+ Clarksburg, WV
+ Clay, WV
+ Gallipolis, OH
+ Huntington, WV
+ Ironton, OH
+ Logan, WV
+ Morgantown, WV 		+ Paintsville, KY
+ Parkersburg, WV
+ Pikeville, KY
+ Pomeroy, OH
+ Portsmouth,OH
+ Ripley, WV
+ Spencer, WV
+ Sutton, WV
+ Wayne, WV
+ Wheeling, WV
+ Williamson, WV