In the week ending August 14, Hamilton County saw 81 homes go under contract while Marion County saw 225 homes go under contract. 

Interestingly enough, as you look the price points of these homes, in Hamilton County, over 85% (69) were listed under $300,000. Our market drops off significantly as you get to higher price points. We are living in a divided market and sales are taking place in the first time buyer ranges. The strong activity is being fueled by low interest rates, lower home prices and the $8,000 federal tax credit targeted at first time home buyers, which expires before the end of the year. Note: you do not have to be a first time home buyer to qualify, email if you have questions about the program. These numbers bolster the position of passing the $15,000 tax credit for all home buyers. That should get the housing industry back on it's feet; home sales lead us into recession and could lead us out.