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Brokers Saw The Best September In 3 Years

Since the deadline for the homebuyer tax credit is right around the corner, revenue from broker-handled

chart 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.

Posted by Adam Brett - Fullerton, California Realtor on 10/29/2009 12:37 AM

Comments (1)

Brokers Saw the Best September in 3 Years in the ActiveRain Channel

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1 Comments on Brokers Saw The Best September In 3 Years

OCT

We took some sales from the near future. A few agents were saved for a short time before they realize another career would be best for them. We helped perpetuate the 'agents are greedy' comments- this time accurately. Our children and grandchildren will pay a lot more than we received to eliminate the debt costs of the program. Never in history has any market manipulated not had negative effects that cancelled out the short term gains.

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