Home Sales In The West Surge 17 Percent In March

April 23, 2010

in News

Home Sales In The West Surge 17 Percent In March

Home sales surged 17 percent in the West last month, as buyers scrambled to take advantage of low mortgage rates and qualify for tax credits that expire at the end of this month. Shoppers who have been on the hunt for some time can hear the clock ticking and are trying to make offers before the tax credits run out. Even some people who weren’t planning to buy are jumping in, said Kathi McLeod, sales manager for Windermere Real Estate in Boise, Idaho. Sales across most major Western metros improved in March, according to The Associated Press-Re/Max Monthly Housing Report. All but one of the 13 Western cities tracked in the report saw annual sales increases last month. San Francisco saw the sharpest gain in median price, up nearly 38 percent to $489,000. ”Buyer confidence has increased dramatically from last year,” said Sue Schultes, an agent in San Francisco. [Read this article]

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