The month of April 2010 has continued to see a lot of improvement in pending and closed sales. For the second month in a row pending sales eclipsed the 1,000 mark. Pending home sales are up 52% from the previous year and 18% from March 2010.
What does life after the $8,000 tax credit hold? Mortgage rates have continued to stay low and some predictions indicate that rates could increase over the coarse of the year. The average sales price has continued to decline, but recently average price declines have slowed. The coming months after the tax credit will show where our market is headed with average prices. Stay tuned for our monthly market reports to find out the details. As always the reports are below in order. Please feel free to call Pete or Sean for an accurate market report for your neighborhood.
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