It is known that all over Florida the national median sales price for existing single-family homes in March 2008 was $198,200, down 8.3 percent from a year earlier, according to NAR. In California, the statewide median resales price was $413,980 in March; in Massachusetts, it was $315,000; in Maryland, it was $283,692; and in New York, it was $210,000. What does that tells us? We are having a good sign on the movement of real estate. I know you heard the news on how bad the real estate market, especially the housing to us all. It is not a secret anymore and we are very well aware of our stature in the current biz. Which brings me to the point on which the Florida real estate market is outside looking in when it comes to progress.

It was reported last month, interest rates for a 30-year fixed-rate mortgage averaged 5.92 Percent, down from the average rate of 6.18 percent in April 2007, according to Freddie Mac, FAR's sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written. That is a good upgrade considering that predictions said that the market is looking downward for the rest of the season. Consider it as a warning but never loose hope. I for starters was surprised when I learned that compared to last month the single-family homes did made a movement. It's good to learn that there is still hope out there. Although we are all are on for the ride, being optimistic sometimes gives you confidence as well.

Like report says, Several of Miami's metropolitan statistical areas showed gains in existing home sales for the month. Realtors around the state reported an increase in phone calls, home showings and other business activity, as well as higher pending home sales in their markets. Pending sales are based on contracts signed but not closed. Among the state's smaller markets, the Fort Pierce-Port St. Lucie MSA reported a total of 388 homes sold in April compared to 290 homes a year ago for a 34 percent increase. The existing home median sales price was $159,200; a year ago, it was $242,600 for a 34 percent decrease. A total of 101 existing condos sold in the MSA last month compared to 83 condos the previous April for a 22 percent increase. The market's existing condo median price was $151,700; a year ago, it was $163,800 for a decrease of 7 percent.

Experts say that it appears that buyer activity is increasing and the market is beginning to stabilize. We're working through inventory and that's encouraging our area is thriving in terms of business diversity and job opportunities relating to bio-tech and research industries. The environment for buyers couldn't be better mortgage rates are still at historic lows and Congress is working on legislation that will boost the recovery of the housing sector. We all know that activity is always the key and this time the belief that the market can still plays out a significant role to the overall improvement Florida real estate will rely heavily on changes that will be made but until then every progress can spark little hope to all of us.

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