Traverse City Home Sales Surge in October

National home sales have trended upwards towards their highest level in 2 and 1/2 years. The Traverse City market was no different.

Local home sales in the 5 county area for the month of October were up 5% over September according to data from the Traverse Area Association of Realtors. Further, home sales in those same 5 counties [Grand Traverse, Leelanau, Benzie, Antrim and Kalkaska] were up 8% over October 2008.

One reason for the surge must be the fact that Congress recently extended the $8,000 tax credit beyond the 11/30 expiration date and also expanded the group of individuals who were eligible beyond first-time home buyers to include people who have owned their current homes for at least 5 years. This eligible group can claim a $6,500 tax credit on a home purchase.

For more information on how you can take advantage of these tax credit opportunities, please visit my website or contact me at - shawn.smith@coldwellbanker.com

-Shawn Schmidt Smith

231.499.1990

Shawn Schmidt Smith

Shawn Schmidt Smith

Associate Broker
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