About this time last year (Feb., March, April) we were approaching the expiration of the tax credit. You may see numbers in the news reports saying that real estate is down this year over this time last year. Those numbers are seriously affected by the tax credit issue!
Comparing sales numbers this Spring to last Spring is not comparing apples-to-apples. When you *remove* the tax credit from the equation, the graph below shows the home sales trend, and it is up,up,up.
The trend in Roanoke has been on a positive move upwards over the last few months. We are firmly entrenched in a buyers market, interest rates are still low, there are many "discounted" homes still available and inventory is still high.