Melbourne Area Blog

The first signs of a "turn around" or "leveling" of the Real Estate market is an increase in the number of sales. Here in Brevard County we have seen the number of sales increase in the past 5 out of 6 months.

Have the prices hit bottom? Probably not. There are still many "short sales" and foreclosed properties sitting on the market. However, homes that are priced correctly and show well are selling rather quickly compared to last year.

There are buyers out there... and they are buying! With interest rates at the lowest rate seen in years, it is still a buyer's market.

I look for the number of sales to continue to increase throughout 2009. The prices may still drop some, however I look for a leveling by the second half of the year.

Remember, we live in a wonderful location with great quality of life. We cannot be compared to what the market is doing across the rest of the nation!

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