This blog is dedicated to covering a range of issues pertaining to real estate from market trends to practical advice for buyers and sellers. Additionally, I will highlight topical issues, and talk about my personal experiences as a real estate professional.
Monday, May 11, 2009
A 200% Improvement...
I'll keep this one short. In Area 20, which is the area that my office services(Miami Lakes, West Hialeah, Hialeah Gardens, Pine Springs North), Pending Sales are up over 200% over this time last year. In other words, we have over 200% more properties that are under contract for sale. This is an awesome improvement in market activity, and an early sign that there is light at the end of the tunnel. While we still have many months of inventory to absorb we are seeing the early effects of low rates, great prices, and first time buyers taking advantage of the $8000.00 tax credit.
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