Brokers Saw The Best September In 3 Years

Since the deadline for the homebuyer tax credit is right around the corner, revenue from broker-handled

deals increased last month to the highest level for a September in three years.

Broker transactions account for roughly 85% of all local home sales and generated $1.4 billion in Orange County in September. Broker transactions include home sellers, brokers and agents. Brokers handled 2,454 homes last month – the most homes for a September since 2005.

Overall revenue was up 12.3% from September 2008, when broker deals generated $1.2 billion. For the first time in 4 years revenue rose from August to September – this year rising $149 million.