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Friday, October 24, 2008

Brevard County Home Sales Climb in September 2008

Just got through checking out the financial market headlines on my Blackberry. I saw an interesting article about how the September existing houses sold report showed promise.

Then, like most news articles, they had to let me down. The author's take - the sales happened from contracts written in July and August before the market down turn.

We shall see.....then...

I went to the Florida Today newspaper web site to check the local headlines. Not a lot of big news in the Brevard County area but I did notice and article about how deals pushed a surge in the Brevard County housing market. I suppose there will be a big story in tomorrow morning's paper but here is the summary from the web article.

  • Single family home sales rose to 430 in September over September 2007.
  • Median price dropped to $153,300 from last September's $176,700 (sounds like the affordability of housing has improved!).
  • Condo sales rose to 106 vs. 66 in September 2007.

It is no secret that price declines have been driving sales. And, I believe, short sales and REO / bank owned properties are driving the prices downward. Bottom line - it IS a good time to consider buying!

If you are considering purchasing a home in the Viera, Suntree or Rockledge areas of Brevard County, Florida, please give me a call. Gary Waters, Century 21 Baytree Realty, Rockledge. Florida.

Just have a question....ask - its free!

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