The Federal Tax Stimulus drove sales in April, 2010, pushing Buyers to purchase by April 30 and demanding that Sellers price their homes to sell. Traffic exceeded the usual expectations of Realtors for the April time frame. Additionally, prices improved in the lower price ranges.
In fact, traffic was skewed to the lower end of the market. First time buyers represented the majority of demand. Homes listed for over $300,000 continue to be more difficult to sell than in the recent past.
There are currently 291 active listings in these neighborhoods in the Sycamore School distirct. There are 83 pending sales and 59 homes closed in April.
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