Palm Beach County market expert Ken Bryan says he has seen a slight upturn in signed contracts this March compared to last February.

He attributes this to banks lowering prices on foreclosed homes, and foresees this trend continuing into the coming months.

Buyers waiting for the market to bottom out could miss out on some amazing opportunities, he says, as banks are now realistically lowering the prices.

The longer buyers wait, Bryan says, the less likely they are to find the perfect home for their needs.

So how will this trend affect the market long-term?

Bryan says conditions will change once foreclosure sales have been exhausted and homeowners get into the habit of listing their homes at realistic prices.

In the meantime, this area remains consistently attractive to buyers who flock her for the beautiful beaches, parks, fishing, boating and amazing restaurants and shopping.

For more information on this market, contact Ken Bryan at:
KenBryanRealEstate.com.

Click here to view current Market Conditions in your location.

Published: April 21, 2008

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