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Monday, May 06, 2013

Has the real estate market bottomed out in Brevard County, Florida?

In a changing real estate market (like Brevard County, Florida) buyers need to either be serious or return to the sidelines.

For the past five or six years  many have sat on the sidelines awaiting the great bottoming out of the real estate market.

When did the real estate market bottom out?

I am not sure yet.

Statisticians will tell us one day when all the numbers are recorded and plotted.  The thing about a market bottom (or high) is that your proof is always provided after the fact.

Here are some of my observations for those considering buying a house or condo in Brevard County, Florida:
  1. Foreclosures and short sales are no longer fire sales. 
  2. Multiple offers is a common occurrence. 
  3. Prices are rising.  
  4. Inventory is shrinking. 
  5. Even "flippers" seem to be returning to the market.
If you are indecisive about whether to purchase a home Brevard County, give me a call or send me an email. I will gladly send you listings and information to consider while making your decision.

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