… even if our temperatures aren’t, although we’re supposed to make it to the mid-30′s this weekend.
I’ve noted in my past few blogs that the agents I talk with are all reporting being busy either with buyers or sellers planning to put their homes on the market … me included.
For just my Powell Real Living office, showings were up over 40% last week vs the prior week. That’s quite a hefty increase considering how cold and snowy it was.
Normally, we don’t get this type of activity until after the Super Bowl. We’ve never understood what the Super Bowl has to do with selling homes, but that’s the way it is. Apparently this year will be different. Most likely the increased activity is due to the two government tax credits. People are wanting to take advantage of either the $8,000 credit for 1st timers or the $6,500 for current homeowners.
Expect the inventory of homes on the market to increase somewhat this month. For buyers that means a broader selection. For sellers, it can mean a little less competition than they might see by waiting till April, plus, it gives them more time to find a home so they can take advantage of the $6,500 credit.
Remember, to take advantage of either Tax Credit, you must be in-contract on a home by April 30. Need help selling or buying … give me a call.
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