We were uploading video to our YouTube account the other day and we came across this news story we did back on March 3, 2008 where we said the real estate market is changing.
We also mentioned on air that we were seeing a 60% increase in pending sales back in April in a news story entitled SW Florida Real Estate Housing Numbers.
On June 18, 2008 we wrote an article entitled Preliminary SW Florida Real Estate May Sales Numbers All signs point to housing numbers that should show an increase in sales of about 57-61% in transactions. We expect to see a decline in median price from May of last year around 25% give or take a few percentage points. Many thought April’s numbers were a one-time event, but we don’t think so. In fact, our Ellis Team SW Florida Real Estate Current Market Index suggests transaction strength for awhile to come.
We’ll all be watching the numbers as they are released tomorrow, and we’ll be surprised if the volume isn’t very strong as affordability is back in the market.