GREAT NEWS HERE!

Our local supply of homes for sale has dropped 18% in the past few months to around 9 months supply.  Condos are now at around 12 months supply.  This is still high and represents a Buyer's market with downward preassure on prices, but it is an encouraging move in the cycle and  beleive that it indicates that we may be seeing the bottom right now.  Of course the media will not pick this up until several months after the fact so Buyers still have some time to buy great values with a great selection.

I based the above statistics on the current inventory of unsold listings in our immediate area and the number of sales in the past three months.  We usually see a lull in the late summer and early fall coinciding with the most active part of our hurricane season, but activity has been brisk for months now and there are a lot of good reasons for the buying public to continue showing up.  Low prices, low interest rates, a first time buyer's tax credit and a great selection in a beautiful area all help.

I have been so busy recently that I have not been out fishing in a while and snook season will be closed May 31st for the summer. 

Best regards from Sebastian, Florida!