Philadelphia Real Estate - Spring Market in the Fall ?

Philadelphia Real Estate - Spring Market in the Fall ?

In Philadelphia, the real estate market is typically the busiest in the spring year after year. This past spring, we were busy, but not super busy. However, now, in the fall, we are super busy ! Due to the first time homebuyer tax credit expiring November 30, 2009 combined with mortgage rates at historical 30 year lows, the recent activity in our Philadelphia market has been amazing !!

As a result, we apologize if our blog content has been just a tad behind in the last couple of weeks. You probably have noticed that the majority of it has been focused on new property listings in addition to properties that have been sold recently by The Somers Team . On top of that, we have been gearing up moving to our new Northern Liberties location ! The fit-out of the space is going very well. All of our furniture arrives mid-November so we have been quite busy planning the logistics of the office move as well.

Getting back to the market activity, it is is important to note that if you are a seller thinking about selling your property, the time is definitely now as there still are a couple of weeks for your property to sell to still settle prior to the November 30, 2009 deadline. And if you are a first time homebuyer on the fence, well then, the time is now for sure ! Hurry up though as many of the better properties are being scooped up !

This is an exciting time ! We can worry about the great debate whether or not the tax credit will be extended after it expires. More to come on that later. For now, we are too busy selling houses !