MoCoRealEstate
Montgomery County Contracts by Price
June 6th, 2010 Categories: Market Updates
“How has the first time buyer and move-up tax credit affected the market?” We get this question a lot. My feeling is that the credit created a ‘cash for clunkers effect’ motivating buyers to make home purchases earlier than they would have normally made. A look at overall contract activity by week clearly shows buyers rushing to make the deadline.
Since the credit phases out for purchase over $800K and buyers with higher income, I took a look at contracts by price range:

As expected, the more expensive the home, the lower the impact. In the coming days I’ll provide updates for each area of Montgomery County. Contact us anytime for specific questions about our real estate market.



























