Melbourne Area Blog

The number of real estate sales again increased in April 2011. The median price also increased 2.09%. Inventory is at it's lowest point in several years. These are generally a sign of an improving housing market. Inventory during the peak housing boom was 10,000 - 11,000 single family homes. In the past year or two inventory was in the 8,000 range. We now stand at just above 3500.

April:

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

Single Family Homes Sold : 652 - down -4.45% from April 2010

Condo's Sold : 123 - up 25.20% from April 2010

Townhomes Sold : 44 - down -9.09% from April 2010

Overall Combined Sold: 822 up 2.31% from April 2010

Highest Sale Price:

Single Family Home : $1,875,000 -up -124.55% from April 2010

Condo : $865,000 - up -8.26% from April 2010

Townhome : $295,000 - down - 32.18% from April 2010

Questions or comments?