Existing-home sales in Philadelphia’s eight-county area fell just 0.6% this August, compared to the same month last year, casting some hope for those with homes sitting on the market.
The drop was the smallest year-to-year decline in several months and according to Prudential Fox & Roach HomExpert Market Report, 4,703 homes were sold in the region last month, compared to 4,733 last August.
The positive housing news is being attributed to a rush in first-time home buyers hurrying to take advantage of the credit before it’s too late. Sandy Levenson, an experienced seller said that she can guarantee there will be a lot of settlements on the November 30 deadline.
http://www.philly.com/philly/business/20090925_Existing-home_sales_down_just_slightly_here.html
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