As we have been reporting for a few months  now, pending sales have been jumping as buyers have been taking notice this season of incredible buying opportunities.  Sale across the board have picked up, as well as foreclosure sales along the bottom.  When official sales numbers are released next week, we won’t be surprised to see a jump in closings in February, however many of these closings won’t take place until March or April.

We also won’t be surprised if the median price decreases, which won’t necessarily be an indication that the market is free falling, but rather an indication more sales are occurring in the foreclosure realm in the lower price ranges, skewing the median price downward.

For great deals on foreclosure sales, be sure to check out our foreclosure page which we update frequently.  Foreclosures have added to the pending sales as many of the short sales never panned out.  Banks needed time to fight over who should take the loss and for how much, while foreclosure sales have been good to go for buyers, and the seller has been much more motivated.  Foreclsoures in SW Florida has been the one thing that has really freed up the market, although homes sales were simultaneously picking up in all segments as sellers pricing has begun to meet buyes expectations.

The higher the CMI Index, the more supply we have relative to demand.

March 15,  2008	Active	Pending	CMI
Single Family	16,357	1,610	10.16
Condo	8,789	603	14.58

February 14,  2008	Active	Pending	CMI
Single Family	16,694	1,088	15.34
Condo	8,787	456	19.27

January 14,  2008	Active	Pending	CMI
Single Family	15,812	821	19.26
Condo	8,581	334	25.69

December  17, 2007	Active	Pending	CMI
Single Family	16,098	892	18.05
Condo	8,655	386	22.42

November 14, 2007	Active	Pending	CMI
Single Family	15,710	797	19.71
Condo	8,361	388	21.55

October 16, 2007	Active	Pending	CMI
Single Family	15,438	783	19.72
Condo	8,212	354	23.20

September 15, 2007	Active	Pending	CMI
Single Family	15,215	809	18.81
Condo	8,141	369	22.06

August 15, 2007	Active	Pending	CMI
Single Family	14,919	955	15.62
Condo	8,190	417	19.64

July 12, 2007	Active	Pending	CMI
Single Family	15,095	975	15.48
Condo	8,380	443	18.91

June 14, 2007	Active	Pending	CMI
Single Family	15,164	1,014	14.95
Condo	8,761	485	18.06

May 17, 2007	Active	Pending	CMI
Single Family	15,607	1,107	14.10
Condo	9,205	560	16.44

April 15, 2007	Active	Pending	CMI
Single Family	15,896	1,152	13.80
Condo	9,660	569	16.98

January 23, 2007	Active	Pending	CMI
Single Family	13,769	1,016	13.55
Condo	9,002	529	17.02

November 27, 2006	Active	Pending	CMI
Single Family	13,186	1,031	12.79
Condo	8,344	535	15.60