Many have the misconception that most of the properties selling in our county are in distress, but according to the Brevard County MLS, 60% of the sales in 2010 were not in distress. The total number of properties sold in 2010 was 6,681, just 266 less than what had sold in 2009.

Despite perception, the market has changed very little in a year’s time. In 2009, 41% of the properties sold were distressed, 2010 shows 40% with the majority of sales in foreclosures, same holds true for sales the previous year.

Although it may not be the best of real estate markets, it’s proving itself to be steady and consistent. Buyers with the delusion that there will be a huge shift can be assured the “big shift” already took place a few years back.

It’s true that prices may continue to drop, but prices won’t drop in significant amounts, a thousand or so, maybe. Waiting for the big drop, may cause loosing the best property at a really great price. It’s awful to go through, woulda, shoulda, coulda had such a great property.

Here’s the news, the market is rallying back, it may not be stable any time soon, but multiple offers are being made on short sales and foreclosures. There are excellent buys to be had and if you’re not careful, you’ll blink and this market will have passed by and be gone for a very long time, it’s proven . . . history repeats itself.

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