I’m sure you get an opportunity to read about home sale statistics in the newspapers once a month or so. Usually, the article has a pretty negative slant to it because after all, that’s what sells papers.
When you read the articles you could come away thinking that nothing is selling. That’s wrong as the graph below shows. If you look at the sales in the price range between $200,000 and $300,000, you’ll see that it’s pretty robust. This one price range was responsible for 58% of Crofton home sales in May 2009.
This one is an easy one to figure out. That price range is usually where you will find first time homebuyers. There are a lot of them out there right now taking advantage of the low interest rates, large inventory and the $8,000 tax credit from the IRS. This tax credit will expire on the last day of November, 2009.
If you’re interested in taking advantage of the current buyers market in Crofton MD and surrounding communities, give me a call at 443-995-9595.
- Crofton MD May 2009 Market Statistics
