Currently you are hearing great things about the real estate market. We concluded the Tax Credit April 30th and closings must happen before the end of June. Reports have just been release showing great sales numbers for the Bloomington/Normal market for the month of May. WARNING DON'T BE FOOLED. These numbers are speaking of CLOSED transactions. Many of these transactions were a result of the Tax Credit. The "New" market which began May 1st is much different. There are very few 1st time home buyers out there at this time. So lower priced homes are much harder to sell. We have seen a good amount of buyers in the "upper" price range. These "upper" end buyers have been a welcome boost. I am assuming many of these summer buyers are local move ups. This is a GREAT time to buy if you are in the market. Interest rates are amazing. The supply of homes are at high levels. There are some very good values on the market currently.
If you are interested in getting a monthly update on the State of the Market, just send me an email at John@JohnArmstrongHomes.com and say send me the State of the Market report
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