Buying A New Home In Prince George’s?


Realtors report offers on for sale homes, and prices are up due to the deadline of the federal tax credit fast approaching.

With the federal homebuyer’s tax credit deadline barely a month away, Realtors report more urgency from buyers seeking to close a deal in time.

There are more multiple offers, they said, as well as higher prices and a dwindling supply of homes for sale, especially in the Virginia suburbs.

“Multiple offers have been back for months in certain neighborhoods and [for certain] price points when a well-staged and properly priced property comes on the market,” said Tony Hain, a Long & Foster Realtor in Washington. “The dwindling inventory of desirable properties and the deadline to take advantage of the tax credit appears to be increasing the competition.”…

…Every county in the Virginia suburbs showed an increase in the average price of homes sold in the $100,000 to $5 million range. The outer suburbs that were hit the hardest showed the biggest increases, with prices up 24.9 percent in Prince William County and up 13.48 percent in Loudoun County.



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