THE CHERRY GROUP SAYS WE'VE BOTTOMED OUT

In it's bi-monthly newsletter, The Cherry Group reported only a .5% drop in Real Estate prices year to date in its marketing area. The Coconut Grove Expert Realtors also cited an average of 137 days on the market for listed homes and an average selling price -13.4% down off the asking price. Market activity is brisk and we think it's time to list. Buyers have to know it's also the time to buy. The pendulum is beginning to swing. Also, money will be getting tighter as banks reduce the limit on jumbo loans underwritten by the government.