John Shaw, sales manager of Edina Realty's Edina office, said he's starting to see a traditional market emerge from the bottom-heavy market that dominated residential real estate when the first-time home buyer tax credit was still around.
office, the homes that are selling tend to be at a higher price point.
"The buyer for the under-$250,000 home has temporarily moved to the sidelines," he
Since the tax credit ended, the 170 agents in his
office are seeing far fewer showings than what's typical this time of year.
But that's not to say they wanted the tax credit to continue.
"Real estate brokers around the country, even though they were maybe grateful that a stimulus plan was there, they're equally grateful that it's going away so we can establish a more normal market," Shaw