Residential Rebound?

A quick look at preliminary sales figures from the RealTracs MLS for March indicate the home market here is coming back. This after a February that looked so bleak I didn’t want to talk about it. Hence, the gap since last entry.

Final tallies for March won’t be available until next week, but at least 14 homes were sold through RealTracs in March, at least matching sales seen a year ago. That’s a welcome improvement over February. Then, sales of just 6 homes meant a 57 percent decline from 2008, when 14 homes were sold during the month.

Land is different, with preliminary figures for March indicating sales still way off. Slow might be a generous way to describe it, with three, maybe four land sales recorded off the MLS. Believe it or not, that’s an improvement over February, when two parcels sold here,compared with 27 a year ago.

More when the official numbers for the month are released. In the meantime, buyers take note: good financing available for those with great credit, and the government is offering lucrative $8000 tax incentives for first time buyers. As far as land goes, months ahead should hold some great deals.