Sales spike up in Jan. & Feb.

After slumping sales for months on end, January & February of this year saw sales spike sharply upward. For the 2 month period, sales were up over 30% in Palm Beach County according to the Regional MLS. Several factors are contributing to this: Very low interest rates with many coupled to first time homebuyer incentive plans (including money from the Gov't), anxious & willing sellers who are finally realizing that they are not in the driver's seat any more, heavy inventory and distressed properties. We will probably continue to see sales hold steady through May as families continue to relocate for the upcoming school year and take more time this year since the number of possible choice of homes is so great. If you are planning on investing in distressed properties, remember that patience is a virtue. That said, there are many great values out there! You can search the Palm Beach MLS directly from my website: