Montgomery County Contracts by Price

“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:

2010 05 Montgomery County Contract Comparison by Price

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.

Posted by Bruce Lemieux

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The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

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