It is interesting, is real estate recovering or did we see a temporary spike this Spring?
Our business in 2009 was up 24% over 2008 and so far in 2010 it is up 50% over 2009! We are seeing sales closing. Now maybe this was due to the first time buyer credit and maybe the rest of the year will level out, but this increase in transactions, which reflects the results of the overall market as well, will go a long way to assure buyers they are making the right decision to move forward today. And it has confirmed to the sellers that, while prices may not be what they would like, when the home is priced properly, it will sell.
All in all, the Spring 2010 has been great at Charles Rutenberg Realty. We look forward to the Summer and to closing out the year with an active Fall market.