Yes, April was a busy month with the final expiration of the Federal tax credit for both new and repeat buyers. This last minute dash found more homes going under contract in any April since the mid 1980's.
Inventory was up in April with 16,344 homes on the market and 3,308 sold. The median price was also up, to $225,000. In February of this year the median price was only $217,000.
Will this trend continue? Probably not at this pace, but working in our favor is the motivating current reduction in interest rates, to only 4.625%.
For more information on your personal values, please contact me or my office.
Joan Rogliano has been practicing real estate for 25 years. She is a Certified Luxury Home Marketing Specialist and a Certified Real Estate Divorce Specialist.
Information from Garold D. Bauer and Metrolist.
Deemed Reliable but not guraranteed.
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