Sunday, February 26, 2012

Brevard County Florida Real Estate–What to expect as March 2012 approaches….

I recently read an article about how rising rents may spur on real estate sales.   The housing crisis has created a lot changes and market conditions including reducing home ownership rates to a 14 year low and causing an increase in rental demand.

In Brevard County, Florida I have noticed the residential sales inventory has been dropping consistently.   As of today there are less than 3,000 active residential listings – only about 2,500 if you are not looking in the 55+ communities like Heritage Isle or Grand Isle!

And with rental demand increasing there are now just over 1,000 active rental listings in Brevard County and only 385 of these are single family homes.

So with the traditional spring buying season approaching what are buyers looking at?

Decreased supply, increased demand.  It is happening with rental properties.  It is only a matter of time before it happens with residential sales.  That is the nature of the business.

So with the traditional spring buying season approaching what are sellers looking at?  Quite possibly a better time to sell your Brevard County, Florida home!

When you are ready to buy or sell a home or condo in Brevard County, Florida, call me at 321-693-3850 or send me an email.