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

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