After the Tax Credit Ended

The expanded and extended home buyer tax credit ended almost a month ago and since then, many have wondered what happened to the market? If you’re one of the one’s that been wondering, wonder no more we have the answer!

In Back Bay from 5/5/10-5/27/10 there were 34 condos sold. Out of the 34 condos sold 20 of them went for under $620,000 showing that despite an expired tax credit there are still plenty of first time buyers out there looking to purchase a home. During the same period last year only 16 Back Bay condos were sold. So will the housing market fall off a cliff as some have suggested? It would seem at this time that it’s unlikely but it’s still best to proceed with cautious optimism. If you’re interested in taking a look at what has come on the market recently or would like to discus listing your home for sale, please give us a call at 617-449-3642.