Many of us have been wondering if the end of the $8,000 federal buyer incentive that was part of the economic stimulus package would effect the real estate market. Two weeks after the cut-off I have noticed no difference in buyer activity.  

On Mother’s Day I held open a house that was priced in the mid-$600,000’s and I had a steady flow of buyers for a full two hours. And none of the buyer clients I am working with have tucked their tails and run.  I expect this is the case for most Realtors out there.

What does this mean to you? 

• If you are a buyer it means that the playing field hasn’t changed and you are still in what is an increasingly competitive market.
• If you are a seller this is great news. The typical market momentum that comes along in Spring is in full effect. There are more buyers than inventory, and attractive properties properly priced are receiving multiple offers.

While the federal stimulus package may have sprung, the Spring season is stimulating enough to keep the market cruising along.