John L. Scott Real Estate Chairman and CEO J. Lennox Scott announced that June was the most productive month in the company’s 75 year history. “We had back to back record months in May and June,” said Scott, “All the fundamentals are in place for a very successful year.”

Scott attributes this record-setting activity to a three-quarter point interest rate drop in March which caused high volumes of buyers and sellers to enter the housing market.

Scott says that technology has played a critical role in this quick action market, “The Internet allows buyers to react quickly to market conditions,” said Scott, “When interest rates fluctuate buyers can go right online and see what’s available in real time.” He added that in this time of multiple offers, waived contingencies, and escalation clauses, it’s more important than ever to have professional Realtor representation.