According to the Melbourne Association of REALTORS here in Brevard County Florida Real Estate Statistics for December 2008:
For single family residential units:
There were 509 new listings.
This is a decrease of 5.74% from Dec. 2007 of 540 new listings.
Year to date in 2008 there were 8602 new listings.
Year to date in 2007 there were 11,161 new listings.
This was a 22.93% decrease from 2007 to 2008.
There were 262 sold listings.
This is a 16.96% decrease from Dec. 2007 of 224 sold listings.
Year to date in 2008 there were 3139 listings sold.
Year to date in 2007 there were 3115 listings sold.
The average sale price in Dec. 2008 was $171,192.
This is a 16.27% decrease from Dec. 2007 of $204,465.
Average days on the market for Dec. 2008 were 114 days.
This is a 7.32% decrease from Dec. 2007 of 123 days.
For all properties, including single family residential, condo and townhouse:
There were 756 new listings.
There were 308 sold listings.
Average sales price was $158,774.
Average days on the market were 129
Types of financing used:
89 conventional financing
116 cash
63 FHA
0 Owner financing
This article is authored by Sandy Shores, Brevard County Real Estate
Melbourne Florida Real Estate News
that for you
Sandy, I review Monthly statistics from all my friends on ActiveRain each month, kind of an odd hobby but it really indicates that we are all in the same boat with this market...
Sandy, it still doesn't seem like the Brevard market has bottomed out yet, which has been the pattern for much of the country thus far. Areas where values have taken a hit is the most frustrating for those wanting to sell now.
Hi Sandy, I like the way you present your market's numbers, and love the photo!
Hi Sandy
That very good news that your inventory in going down.
Good luck and success
Lou Ludwig
Sandy,
Amazing and simple statistics. Hello Florida, Goodbye freezing cold WI.
Hi Paul, I think it's wise to review and study market reports from different parts of the country.
Gary, I think you're right, that we have not yet bottomed out here in Brevard County. We have heard whispers that we may not see the bottom till the end of the year or beginning of next. Only time will tell.
Hi Mary, I'm glad you wrote the comment, because each time I write, I keep thinking I should have it in table format. Thanks for the input!
Hi Lou, It is good news that the inventory is going down.
Hi Robert, I bet you are freezing - try and stay warm!