Many (including myself) had been wondering what effect the expiration of the Home Buyer Tax Credit Program would have on local sales. In all honesty, I had expected to see a drop compared to the year before this month (May 2010). I am pleased to see that performance remains strong in the area.
The number of home sales for Flagler County through 5/26/2010 are +15% compared to 1/1/2009 through 5/26/2009 with median price at -9%. Likewise, 5/1/2010 through 5/26/2010 sales are +9% compared the same period the year before with medin price at -6%.
We are seeing steady and strong comparables each month and this is obviously great news. In terms of median price, we are seeing dips but at a much slower rate than the past few years which again were seeing double digit drops.