It’s official, June 2009 Sales numbers show that sales volume is the highest its been in 4 years. 1410 homes closed in the month of June, 2009 alone. The multiple offers and reduced inventory is starting to show a push in pricing, especially in the first time homebuyer market. Many colleagues are reporting 10-20 offers coming in on their lower priced listings. Although I can’t predict the future, some things seems certain. One is that the 30 year fixed conforming loan rate will not stay in the low 5′s for too much longer, and that the first time homebuyer market has certainly bottomed out in price and folks waiting on the sidelines may soon be priced out of the market.
Don’t wait, now is the perfect time to get into the market and take advantage of extraordinary low interest rates and very attractively priced housing.
Sales Volume Up, Prices Starting to Rise
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