I was at workout this morning and one of the guys asked me what I thought about 2009. I responded with the title of this post! It is an old country music song. This guy was from up north and I had to explain to him what Greyhound Bus Lines were. He didn’t know they existed.

I think this song title truly indicates the feeling that most realtors have about the real estate market in 2009. It was the slowest year we have had in production in a long time. It was the biggest drop in production from the previous year in the 29 years I have been in Hilton Head.

2009 was also a year that saw many people leave the real estate business. Some of the major real estate companies went through a restructure and some even closed down.

It has been a rough year in more ways than you can count for the real estate profession. It has also affected other professions relating to real estate i.e. appraisers, closing attorneys, home inspectors, etc.

My hope is that 2010 will be the year of the buyer! I think 2010 will bring sellers around to realize that prices have corrected and that if they want to sell their property, they have to price it at a price to sell in today’s market. There is a silver lining in this dark cloud, if you are a buyer!