Is it a good time to buy a house?: Consumer Corner NBC 6 South Florida [Video]

Is right now a good time to buy a house? 

Real estate analyst Jack McCabe, from McCabe Research and Consulting, says there are several factors that could make it easier for homebuyers to enter the market.

“We’re in the midst of a real estate downturn, without a doubt, and all you have to do is look at the numbers right now. Inventory in the state of Florida has tripled in the last 18 months,” he said. “24% of the listings have lowered their prices in Broward County, the condo inventory has doubled in the last 12 months.” 

McCabe said the amount of inventory on the market and how long houses take to sell are key in determining whether it is a buyer’s market. Right now, both of those are up.

There are also other indicators the market could cool down even more, he said.

“And when you see 24% of …