Good Time to Buy in South Florida? One Company Says Yes

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RISMEDIA, June 1, 2007-While April home and condo sales are down in parts of the South Florida tri-county area compared to last April, The Keyes Company has noted that pending contracts in May are at their highest levels since July of last year – when the real estate market was at its peak.

With interest rates hovering in the low 6% range, and home values at their prime, smart buyers are moving to buy. Motivated sellers who are following the professional advice of Realtors and pricing their properties correctly are seeing a lot of action. One of the major contributing factors to the market correction has been overbuilding. Now that new construction has slowed and buildings have been completed, the excess inventory is quickly being absorbed by a growing South Florida population. South Florida real estate is on the verge of another upswing, so now is most definitely a buyer’s market.

For more information, visit www.keyes.com.

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