Data shows trends...

Let's cut to the chase.

Here's a snapshot of the current market information since January:

--- In condominium sales in Brevard County, the number of new listings coming on the market has been consistently dropping since January. So our supply is decreasing.

Prices of sold condos show the lowest average sale prices in February and have been increasing since that time but not quite as high as the sale prices in January.

These statistics support my opinion that the market has bottomed out in this category. Cautiously, I report that we are still showing an oversupply.

--- Residential sales indicate the lowest pricing in April and the highest pricing in March. May sales show an increase over April prices.

The number of new listings coming on the market are at an all-time low since January. Sales volume peaked in April and contingent contracts show a high in April, which may cause a spike in the volume of closed sales in the next few months.

My data source shows a slight increase in sale prices since April, but sale prices are still lower than those reported in January.

This is, again, an indication that the market may have bottomed out.

New listings coming on the market are definitely reduced by a significant number and show a consistent reduction since January. An oversupply still exists in this category but some areas show a limited number of available properties.

This, in my opinion, is a good sign that this market is recovering. If you are a buyer who is thinking about buying, consider putting your thoughts into action.

--- Slow and low sales still plague the vacant-land market. Hopefully, when the housing supply begins to balance, the vacant-land sales will increase and new construction will pick up.

--- Townhouses also show fewer new listings in somewhat of a consistent manner since January until the end of May. Townhouse prices were at the lowest point in January, peaking in price in February, March and April.

May prices were higher than January's prices, with the volume of sales indicating an increase over January, February and April.

Sellers in today's market need to be in tune with pricing and be willing to have their homes in show condition when appointments are made.

Pricing your property to be one of the best of the three good buys shows your willingness to entice offers from eager buyers.

A note from last week: My column included a photo of people moving with a caption that indicated 16,000 people move to Florida each day. The caption should have said come to Florida each week.