The February numbers are in, and they look GREAT! At Liz Moore & Associates, the company overall posted a 57% increase over February a year ago in new business written, and a 74% increase over February a year ago in closed volume. Although some of that can be attributed to growth in our offices (we have welcomed 19 terrific agents in the past 12 months), and a significant corresponding increase in market share, more importantly the overall activity is showing signs of improvement.
According to Broker Metrics, which garners its data from the local MLS’s, the Peninsula market showed a 7% increase in new business in February over last year, and the Williamsburg market was up slightly (1%).
I expect that activity in the coming 2 months will be especially brisk, as the April 30 deadline for the tax credit looms. Interest rates are low, inventory is still plentiful, and it’s a great time to buy!
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