Home Sales Up in November
December 27, 2009Home sales in the Midwest jumped 58% in November 2009, the strongest showing of any region, as first-time buyers rushed to claim a temporary federal tax credit.
“I think it’s going to be a very good year this next year,” said Sedalia, Missouri real estate agent Mark Pohl. While the Sedalia area has been in a downhill market for about three years, Pohl believes that the area hit rock bottom in March 2009. Since March, there has been a slow increase in the number of homes sold in the area. “I think it’s progressively gotten better,” Pohl said.
The National Association of Realtors recently reported that there were 106,000 completed sales in the 11-state Midwest region and the median home price was flat at $140,800.
The tax credit deadline drove sales across most of the Midwest. “It got everybody moving,” said Don Godwin, owner of the Re/Max Real Estate Group in Des Moines. “First-time home buyers have probably been most of my business,” Pohl said.





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