It will be interesting to see if the volume of sales continues to climb after the Tax rebate goes away at the end of April. You might notice that even though the number of sales increased the price per square foot increased slightly over the preceding month but was well below the January amount. It was also interesting to see that the difference between the asking price and selling price became much closer together. I wonder, were the Realtor working on their listings harder or were the Sellers beginning to get serious about selling before the rebate went away?
If the Government actually does stay out of it the next few months are going to be interesting.
Hold onto your hats!
Hal Kennelley, Executive Broker