Did the first time home buyer tax credit deadline impact home sales in the area? Somewhat. Of course it did get many buyers to consider buying who may have not thought about it as seriously before. I do also believe that there is a new energy in real estate altogether and the tax credit jumped started it.
Here are the stats in the Columbus, GA area for April and May:
Number of homes sold: May-153 April-135
Days on Market: May-132 April-145
New listings Taken: May-304 April-416
Total Dollar Volume Closed: May-23 mil April-21 mil
Most home buyers chose FHA for there loan financing followed by VA, due to the proximity of Fort Benning and the base realignment (BRAC).
Hopefully the trend will continue upward and begin to steady again. Home ownership is still the American dream.
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