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Tuesday, February 24, 2015

January 2015 Home Sales in Brevard County, Florida: Inventory down, prices rising.

The below tables reflect the January 2015 single family home sales data for Brevard County, Florida compared to January 2014 as provided by the Florida Realtors®.

Is the residential market in Brevard County stronger with more competition than it was a year ago?  The numbers seem to say yes.  Among the key data points:
  • Inventory down, prices rising vs. one year ago.
  • The median sales price for foreclosures (+4.6%) and standard sales (+15.6%) were both up over January 2014.
  • Short sales represented only 25 of over 600 closed single family home sale in January 2015.
  • Almost 71% of January 2015 single family home sales were fair market sales.
  • About 25% of closed sales were foreclosures.

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