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Thursday, June 21, 2012

How did Brevard County, Florida real estate sales perform in May 2012 vs. May 2011?

How did Brevard County, Florida real estate sales perform in May 2012 vs. May 2011?

  • One of the most noticeable items in the chart above is the existing inventory.  Both single family and condominium inventory is down about 50% over last May levels.  This is a good sign for sellers.
  • Average selling price is climbing - more so with the condos.
  • Months supply is down which will eventually lead to multiple bids as more buyers have fewer homes from which to choose.
Not included in the chart above is another key bit of information regarding short sales and foreclosures.... the percentage of closed sales that were lender mediated was 24.8%.   This number has been declining over the past few months.

Statistics reported above provided by the Florida Realtors.


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