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Wednesday, December 19, 2012

Brevard County Real Estate Market Update November 2012

Earlier this week I wrote about the risks associated with short sales as the market improves with rising prices  and increased demand

But outside of the short sale segment what about the over all Brevard County, Florida real estate market improving?   Below is a snapshot summary of Single Family Home data provided by the Florida Realtors® for Brevard County. [Percentage in parentheses is difference from November 2011]

  • New listings in Nov 2012 – 851 (+5.5%)

  • Pending Sales in Nov 2012 – 658 (+39.1%)

  • Median Sales Price – $122,000 (+16.2%)

  • Average Sales Price – $153,197 (+9.8%) 

  • Inventory of Homes for Sale – 2,521 (-42.8%) 

  • Months Supply of Inventory – 3.8 (-50.0%)

As the new year approached there will be plenty of predictions.  No one knows for sure although past performance and trends are usually good indicators of future performance.   2013 is being predicted to be a comeback year for the real estate market. 

If you are considering buying or selling a house or condo in Brevard County, Florida, the time may be right to get started!

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