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Saturday, December 29, 2012

Where are home prices going in Brevard County, Florida?

There is an old song that goes something like "How long has this been going on?"  It was recorded by a group called Ace way back in the 1970s.

Some changes are subtle especially in an area like home sales prices and values.  The trend takes a while to really become common knowledge.

I have spoken with many buyers and sellers who have been sitting on the fence for quite a long time waiting for the perfect time to jump.  With mortgage rates near record lows and increasing rental rates, home buying is making much more sense now than in the past years.

The two charts below show trend lines for Brevard County as well as several of the areas within the County (Rockledge, Merritt Island, Melbourne, Titusville).

Florida Median Sale Price

Florida Median Sale Price

So where are home prices going in Brevard County, Florida?  No one knows for sure what the market will be in three months or six months.  The same can be said about interest rates.  We can only know for sure where it is today.

When you are ready to buy or sell a home in Brevard County, Florida, call me at 321-693-3850 or send me an email to discuss the current market conditions


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