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Monday, November 15, 2010

Brevard County Real Estate Market – Inventory Continues to Grow as Holiday Season Arrives

The good news is there were 482 residential sales in Brevard County Florida during October 2010.  The bad news is there were 1,021 new residential listings in October 2010.

The average selling price in October was $136,967 with an average of 112 days on the market. The condo market trend is very similar with 66 new listings in October and only  30 condos sold.  Average days on the market was 118 with an average selling price of $95,689.

As the inventory rises it can only add to the pricing pressures sellers face as the holidays approach.

Total inventory* at this time looks like this:

*Information extracted from the Brevard MLS system on November 15, 2010.

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