How’s the real estate market? In a word… improving. Why? We’re seeing more buyers. Why? Lots of reasons – mainly many people have been sitting on the sidelines waiting for prices to drop more. Others can’t wait any longer, they need more space, they need to down-size, or they have to move, divorce, illness and other reasons. But it’s still not the way things were back in ’05 and early ’06… here are a few numbers to prove my point. Over the last six months in Broward overall, there were 15,362 homes for sale with only 4,979 sales or closings. The condo/town home numbers are higher – 22,294 for sale and only 4,951 sales. This translates into a +18 month inventory for single family and 27 months for condo/town homes. What does this mean? Well, it’s all about absorption … a term used to describe demand or the rate of homes sold compared to the supply or number of homes available. A balanced market is usually a range of six to nine months of inventory. The Weston market reflects a 14 month inventory for single-family and 25 month inventory for condo and town homes. While this means we’re in a buyers’ market, it’s not necessarily all bad for home-sellers.  Let me know what you think.