Existing Homes Sales Rise

Interest rates are still great but rising.  If you are on the fence for buying, now is the time to take a serious look and get out there and get moving.  Take advantage of this great market of inventory, rates, and tax credit benefits.  I was looking through the home stats yesterday to send a client a list of  homes in a few different towns,  what I found to were a high number that have recently gone under contract.   Buyers are buying, don’t miss out.  If you are selling, make sure you have a competitive price.

“Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the NATIONAL ASSOCIATION OF REALTORS ®. May’s increase was the first back-to-back monthly gain since September 2005.

Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 2.4 percent to a seasonally adjusted annual rate of 4.77 million units in May from a downwardly revised level of 4.66 million units in April. Sales remained 3.6 percent below the 4.95 million-unit pace in May 2008.”

Quoted from Realtor.org