Category: Housing Market.
Tags: Niceville Home Buyer Tax Credit, Niceville Home Buyers, Niceville Housing, Niceville Real Estate, Niceville Real Estate Market
The housing market is finally emerging from the 3 year crisis that pushed the nation into the longest recession since the Great Depression. My partner and I alone have closed 13 homes in the past 8 weeks here in Niceville and the surrounding areas!! For the first time in 5 years, sales of previously occupied homes rose for the 3rd consecutive month in June, while foreclosures and the number of homes on the market declined.
Just in Niceville, there have been 104 detached single family homes sold since May 1, 2009 with the average sale price being $296,349. Perhaps the $8000 tax credit that many first time home buyers have taken advantage of, has given the housing market a bit of a boost. We have had several buyers use this tax credit recently! With home prices lower and mortgage rates still low (and don’t forget that $8000 tax credit), it is a great time to buy a home in Niceville!