I received an email today from an out of area "prospect" with the title as a question. I am not sure of the seriousness of the sender but I did give a sincere, serious response.
First of all, the sender was questioning the market prices in Brevard County Florida. Sure, prices have dropped but I believe the decline is leveling off or, at a minimum, not dropping as it was last year!
So, how low can it go? No one knows for sure as it is the buyers and sellers who set the prices. Contrary to popular belief, real estate agents do not set the prices.
Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, proudly serving Florida's Space Coast.