Melbourne Area Blog

Following are the sales statistics for September 2011 compared to September 2010.  We should take into consideration that our inventory of homes for sale is well below what it was last year. Looking back, in August of 2010 there were a total of 10,230 active listings, single family, condo & townhomes. In August of this year, the total number was 4,403.

Overall right now is a good time for both buyers and sellers in Brevard County. For buyer's, interest rates are at an all time low of below 4% for 30 year fixed rates and prices have declined. For sellers, although the prices are down, due to the low inventory, we have buyers waiting for new listings to come on the market.

September Sales Stats:

Following are the stats for September 2011 compared to September 2010:

Single Family Homes Sold : 516 - down -11.95% from September 2010

Condo's Sold : 89 - down - 19.82% from September 2010

Townhomes Sold : 30 - down - 9.09% from September 2010

Overall Combined Sold: 652 down 12.25% from September 2010

Year to date 2011 - 2010:

Single Family Home Sales: up 8.24%

Condo Sales: up 21.74%

Townhome Sales:  even -0%

All Properties: up 11.89%

Highest Sale Price:

Single Family Home : $1,030,000 -down - 23.70% from September 2010

Condo : $505,000 - down -8.84% from September 2010

Townhome : $225,000 - down 8.35% from August 2010

Questions or comments?