In the last quarter of 2011 there were 1,602 residential properties sold in Brevard County. One year later (10/01/12 to 12/31/12) there were 1,918 residential sales reported in the Brevard Realtors® MLS system. Summary – sales up.
The average days on market in 2011 (111 days) was quite a bit less than the last quarter of 2012 (76 days). Summary – good direction.
The average selling price for residential properties in 2011 was $137,632. In 2012’s last quarter the average selling price was $150,600. Summary – another positive indicator.
Months supply at the end of 2011 was 7.4 months, in 2012 its 2.4 months. Summary – good for sellers.
A couple of other positive indicators for the Brevard County residential market as 2013 starts…
- About half as many residential short sales closed in the last quarter of 2012 (191 vs. 464 in 2011).
- Months supply of short sales in 2011 was 9.2 months. In 2012 the number was 2.4 months.
Considering buying a house or condo in Brevard County, Florida? This may be the time to move forward.