Sales actually were up 6.5% nationwide since November due to lower prices and brisk sales of foreclosed properties,as reported today in the Wall Street Journal.
There is still a tremendous amount of inventory but it is evident that when the prices go down, the buyers come out. In fact, sale prices are shown to be at 2004 levels.
However, not all regions are experiencing the same activity. Miami-Ft. Lauderdale area still has 30 months of inventory.
This can be a great time to buy. Call me for the best deals in Aventura.