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Friday, April 01, 2011

Brevard County Florida Real Estate Inventory – April 1, 2011

I must admit I usually don’t monitor the total number of homes on the market in Brevard County, Florida at any given time but this morning I did notice residential listings were finally under 4,000 even though there were 900 new residential listings in March.

Of these 3,962 listings there are about 1,014 short sale listings and 296 bank owned (foreclosure) listings (about 1 out of every 3 a distressed property).

I remember several years ago when the inventory was close to, if not over, 10,000 residential units!  Times have changed!  Condo listings stand at 1,091 with another 305 town house listings. 

Although it is still a buyer’s market, sellers should look at the decreased inventory as less competition!

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