Since the deadline for the homebuyer tax credit is right around the corner, revenue from broker-handled
deals increased last month to the highest level for a September in three years.
Broker transactions account for roughly 85% of all local home sales and generated $1.4 billion in Orange County in September. Broker transactions include home sellers, brokers and agents. Brokers handled 2,454 homes last month – the most homes for a September since 2005.
Overall revenue was up 12.3% from September 2008, when broker deals generated $1.2 billion. For the first time in 4 years revenue rose from August to September – this year rising $149 million.
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