• - the inventory of unsold condos has dropped  36% from its peak in Sept 2007 
• -1100 condos per month are now being sold compared to 600 last year      

Here is the good news for buyers:

• -prices have dropped 60% from their peak in March 2006
• -there are still tremendous choices at all price levels  

If there is a particular area or building for which you would like more information,  please contact The Real estate Orange

This represents  the eighth consecutive month that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR).  In fact, April’s sales increase represented  both the existing home and existing condominium markets.

Many interpret this as a further signal that the real estate market has bottomed out.

Our personal experience and information gleaned from other realtors bears this out.  In the last month, the real estate orange sold 4 condos in one condo building alone, namely the Summit Towers in Hollywood,   all within 10% of asking price.

If you have an opinion about the real estate market, and whether now  is a good time to buy or sell, please add your comment below.  We’d love to hear from you.