The Market seems to be stabilizing.........
Here is a snapshot of the Hernando County Real Estate MLS inventory
4050 Residential listings
3538 Vacant Land listings
100 Commercial listings
35 MultiFamily listings

Over the past few months the inventory has remained very stable. Many home sellers have begun to realize the true worth of their homes & have adjusted their selling prices downward accordingly. Buyers have begun to test the waters once again looking for good prices on good homes. The foreclosure market has started to pick up & the issue is that many sellers actually owe more than their home is worth. The banks will end up taking back most of these properties & with their inability to sell them at publish auction they will soon be back in the MLS as REO properties in the banks portfolios.

I am starting to recommend to all of my personal clients to start putting some of their money back into this market. With so many houses for sale, now is a great time to buy a personal residence - think of the selection!

People will always be moving down to the sunshine state so now may be the time to look at what the Hernando County real estate market has to offer.
Until next time...
Jeremy Barb
Tropic Shores Realty
352-238-6330