Sales are definitely up across all of South Florida and its great to see inventory moving. Though this is welcomed news we need to look at what really is happening.  The inventory that is being sold falls under two categories.  One is foreclosures and the other are sellers dropping to prices to compete with foreclosures.  Sure there are other properties selling as well but those are at greatly reduced prices as well.

The regular seller trying to sell right now is really having a tough time going up against these really low prices which is why the sooner these distressed properties get cleared out the better.  New foreclosures are coming on the market everyday to replace the ones that are being sold, so until this flow stops things will be very uneven. Anything to keep people in their homes will help. Other than that we have to let this cycle finish.