Ramesh Nyberg's Real Estate Blog

I've almost forgotten how to do this!

But I'm back.
Sometimes, you have to put a "closed" sign on the door, roll up your sleeves, and take care of matters close to hand, without any interruption, and that's what I did. So, this blog (and a few other things as well) took a back seat for a while. I missed this!

So, back in the saddle. Look for the updated April stats in the next blog, which should be along in a week or less. I'm behind on updating this page, but that will all change over the next two weeks.

The real estate market continues to be confusing and often times, slow moving. Young buyers in lower spending brackets are frustrated to find so many condos on the market, yet very few which are FHA-approved. Cash has always been king, and it is so now more than ever.

But the GOOD NEWS continues to be the single family home market--pending sales in Miami-Dade County have been on a nice, steep climb, from 1039 in January, to 1300 in February, and 1610 in March. Unsold inventory dropped to 7,987, the lowest it's been below 8,000 since April of 2006!

With Summer approaching, you've got to like these numbers.
I could go into more detail, but the April data will be out in a few days, and we'll be having a new conversation.

So is it a better time to sell? Yes. Is it a better time to buy? Maybe-and depending on your situation, you may be running out of time to get that killer deal on a single family home. The times they are a-changin', again.