Real Estate Market update 5/2010

If you take the numbers for face value, they look really good in light of the past 18 months.  Sales were up from last month and year over year in most of the areas tracked. It is my opinion that the government tax credit that expired at the end of April was the driving force behind this increase.  It is also likely that a good protion of these buyers were planning to purchase a home during the summer when sales are seasonally higher, but they simply bought early to get the incentive.  Regardless of the reason, inventory numbers remain low and shows that our sub area of the total market is still very healthy. 

To get the coolest new app for any phone, text klewis to 87778 or you can get it online at www.flowermound-realestate.net .