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Friday, August 31, 2012

Homes Sold Brevard County, Florida August 2012

These are the early numbers with today being the last day of closings for the month.  Of course I wonder how many buyers will actually close on a Friday before a holiday weekend.... 

Here is a summary of the residential properties sold in Brevard County, Florida during August 2012.
  1. Total number of residential units sold – 562
  2. Average Days on Market – 82
  3. Average Listing Price $151,401
  4. Average Selling Price – $144,055
  5. List/Sell Ratio – 95%
  6. Median Selling Price – $105,000
  7. Supply – 4.3 months
How do these compare to August 2011?
  1. Total units sold - 602 (but we still have closings to be entered)
  2. Average Selling Price – $152,621
  3. List/Sell Ratio – 93%
  4. Supply – 7.9 months
  5. Median Selling Price – $103,000
  6. Average Days on Market - 116
One thing is certain...inventory has shrunk considerably with a total active single family home listing inventory of only 1980 properties as of August 31, 2012.  Of these active listings there are 344 short sales and 175 foreclosure/HUD properties.

For information on buying and selling a home in Brevard County, Florida call me at 321-693-3850 or email me.

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