Tuesday, August 4, 2009

What a great real estate month July was!

My office had 42 revenue units in July,which is our best all year!
New home sales were up 11%.

The absorption rate in Montgomery County is 2.79 (2.79 months of real estate inventory on the market),which is the lowest it has been since we began keeping track of this statistic last September. Buyers are taking advantage of the interest rates and first time home buyer tax credit (which ends in a few months). Homes that have been priced well,marketed well and also have showed well have sold.

It's a great time to buy and sell.

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