In the mid 2000's we as well as everywhere else there was a housing boom, here home were being built at an alarming rate, and homes were seller at very high prices. then the boom ended as well as all the builders jobs. unemployment levels increased, and people could not afford their homes anymore. There fore resulting in A lot of Foreclosed homes and Short Sales. right now we are in the recovery stage, homes are selling fast again, but prices and interest rates are still on the low side ( but coming up quickly). Our inventory is very low and home that come on the market that are priced right are selling in days. The Market changes every couple of years in all areas not just ours. I am sure if you researched other areas in different states you would find very similar results.
If you have any questions about the market or our area, Please feel free to give me a call. And if you are interested in a website to search for homes that is continuously updated please call me and I will set that up for you.
Bill Moffitt, Buyer Specialist, Keller Williams Realty Spring Hill