A strong BUYERS MARKET prevails

Look at these numbers! If they don't mean anything to you then let me offer a few words of advice.
3778 Residential Inventory
3160 Vacant Land Inventory
93 Commercial For Sale
31 MultiFamily For Sale

Don't be afraid to insult a few sellers! The fact is that prices are coming down so fast that if they don't take your offer they will probably end up waiting 2 months & reducing the price. To put the numbers in perspective there are about 5 times as many homes for sale on the market in Hernando County than there was just 1 year ago. Add that to the glut of Spring Hill new home builders & for sale buy owners & you can see that the balance of supply & demand is heavily in favor of excess supply - thus downward pressure on home prices. This is not to say that this trend will last forever - I do recommend buying today. I think the market is beginning to flatten & when some of the excess new home inventory gets bought up (it is happening now) the supply will shrink & thus the pressure on prices will ease. I would not recommend trying to time the market & pick a bottom - you will usually miss it. Just put in a good offer - don't worry - there are so many homes in Hernando County to choose from at this time you will find the right house for a reasonable price. The new subdividions such as Sterling Hill, Spring Ridge, Sand Ridge, Avalon, & Trillogy may be great places to start. The builders have been dropping inflating prices the fastest with price drops of $50,000 or more not unheard of. That's all for now. To check all homes for sale in hernando county florida you can visit www.hernandohomesearch.com