I see. So you really don't know what the future will hold?
Come on--no one knows for certain what the future will hold. But, you can make educated guesses based on reals factors in the marketplace.
Why dispute what Shelly and others are saying about the downward spiral in the market based on solid factual evidence without presenting any factual evidence to the contrary?
If you take a careful look at the landscape in South Walton County and many, many other areas of the country, it sure looks like the downward slide in home prices will continue. If I'm not mistaken, this is the first time in history that the average price of a home in the US has fallen for four straight months with no end in sight.
The law of supply and demand applies to the housing market just like it does to any other marketplace. Right now there is an overwhelming amount of inventory on the market along 30A and the rest of South Walton with much more to come in Alys, Watersound, Watersound West Beach, Watercolor, The Preserve, Redfish Village, Sanctuary by the Sea, Ariel Dunes, etc, etc. Until the inventory issue gets resolved, there will be major downward pressure on prices as people that must sell such as builders and investors continue to lower prices in order to get rid of the lead weights hanging around their necks. You don't need a crystal ball to see the current state of the market or to make a very educated guess that the doldrums will continue for quite some time.
The only way to conclude that the market is headed anywhere but south is to ignore all of the facts about the current state of the market.
