Dont let last year's tax credit make you think our market in Roanoke VA. is slowing.

By
Real Estate Agent with Long and Foster Realtors

 

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.

Comments (1)

Chris Miller Nevada Land with Water Rights
Vegas Grand Realty and Property Management - Mesquite, NV
Land with Water Rights For Sale

Sales may be up up up but prices in most markets are still falling falling falling.

Feb 26, 2011 03:33 AM