Tax Credit Expiration Does Not Appear To Have Effected Performance In Flagler County & Palm Coast

Many (including myself) had been wondering what effect the expiration of the Home Buyer Tax Credit Program would have on local sales.  In all honesty, I had expected to see a drop compared to the year before this month (May 2010).  I am pleased to see that performance remains strong in the area. 

The number of home sales for Flagler County through 5/26/2010 are +15% compared to 1/1/2009 through 5/26/2009 with median price at -9%.  Likewise, 5/1/2010 through 5/26/2010 sales are +9% compared the same period the year before with medin price at -6%. 

We are seeing steady and strong comparables each month and this is obviously great news.  In terms of median price, we are seeing dips but at a much slower rate than the past few years which again were seeing double digit drops. 

Start your Flagler County and Palm Coast Home Search Today!