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Friday, July 06, 2012

How is the Brevard County, Florida Real Estate Market? It is.....normal.

I was asked by someone this afternoon about the state of the real estate market in Brevard County, Florida now.  The lady asking the question had spoken to me about a year ago about the local condo market.

I let her know it was different this year than last year just as it will likely be different next year.

A year or so ago there were so many unknowns with the pending end of the space shuttle program.  That happened.  Brevard County has survived.

How is the market? 

It is normalfor today.
  1. Normal in that the inventory is much smaller now.  
  2. Normal in that the rental rates have increased and drawn more interest from investors looking for rental properties.  
  3. Normal in that the number of short sales and foreclosures is less than in the past.
Yes, the Brevard County, Florida real estate market is normal.

But it is a new normal.

But don’t get used to it as the tomorrow's normal may be different.

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