August 16th, 2011 Categories: Market Updates
The stats for real estate contracts for July have been crunched. Compared to July 2010 contracts were up 24%. That’s a big number, but what does it tell us? It’s a good thing, that’s for sure. However, comparing anything to 2010 is tricky given the effects of the federal tax credit. In this video, we review activity over the last five months and see how it compares to last year.
With all the craziness in Washington (dept ceiling hostage crisis, federal credit down-grade), stock market ride and general discontent, it will be interesting to see how August pans out.
Contact us anytime if you are planning to buy or sell in Montgomery County, or have any questions about our real estate market.