The market continues to be ripe for first time home buyers and investors. Home prices continue to drop, although at a slower pace. With the low interest rates, and the extension/expansion of the home buyer tax credits ($8000/first time buyers & $6500/repeat buyers) we could be looking at a strong spring housing market. There are positive signs for home buyers also. The average days on market is down, the number of homes sold is up 67%, and the number of homes (competition) on the market is down a whopping 29%. It is too soon to say that the market is shifting back to a sellers market, but there are some definite signs of stabilization.
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