Is the $8,000 tax credit spurring the market?

The answer is a definite yes. And the numbers from the single family home market back it up.

Although Dane County single family home sales were lower by 11% in the month of March, the number of homes selling for under $200,000 increased by 14% from the number that sold in March of 2008.

We are seeing a ton of activity in the first-time homebuyer market right now. A lot of homes are receiving offers very quickly - within days of entering the market. Some are receiving full price offers and offers from more than one buyer.

On the flip side, home sales in the $400,000 and up price range are much lower than the numbers from a year ago. Condo sales also remain sluggish.

For more details, you can check out our March home and condo report.

Have a good weekend,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com