While home sales are on the rise, luxury homes have remained nearly stationery; until now!  The low interest rates, government programs and the amount of foreclosures are helping reduce the real estate inventory; however a majority of the homes that are selling are priced on the lower end of the market. In Brevard County alone, out of the 800 homes that sold during the month of June, only 20% of them were priced over $500,000 and 150 of the homes were priced under $50,000!

Real estate professionals in the Brevard County area, and nationally, are seeing signs of movement in the luxury homes department!  According to the Institute for Luxury Homes Marketing located in Dallas Texas, homes for sale that are priced over $500,000 has risen over 20%!

Just another sign that the time to purchase real estate is now, before the home prices start to rise again.