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Activity was slow the first 2 months but that is to be expected at the beginning of the year.  Here are some statistics of the activity:

Currently Active on Sale: 14 homes

Under contract: 1 home

Closed in the Last 30 days: 1 home

Lowest priced home on the market: $174,900

Highest priced home on the market: $310,000

A few homes have changed real estate companies but still on the market which is also common at the beginning of the year.  The activity of buyers is beginning to rise again, based on my own listings and conversations with other local agents.  A majority of them are in the information gathering phase and also need to sell their current home.  Many are attracted at the great values that are out there. More homes are expected to get on the market with the upcoming home selling season to start back up again.

 The $8,000 tax credit for first time buyers (or if you have not bought a home the last 3 years) is another great incentive to consider.  The updated tax credit does not have to be paid back but does require you to reside in the home for 3 years.  So keep that in mind, if you are considering to get in the market and qualify.  Email me for the tax documents for the credit.

Call or email me with any questions about the activity in Prescott Glen and Lexington area.