Melbourne Area Blog

At a glance it seems that sales were down across the board for the month of December. Some of that is attributed to the Holiday season, but also with inventory of homes at it's lowest point in years, buyers are waiting for new listings to hit the market.

The over all year to date numbers are encouraging and point to an improved real estate market

December 2011 Sales Stats:

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

Single Family Homes Sold : 549 - down -9.41% from December 2010

Condo's Sold : 97 - down - 30.22% from December 2010

Townhomes Sold : 36 - down - 12.20% from December 2010

Overall Combined Sold: 691 down 12.09% from December 2010

Year to date 2011 - 2010:

Single Family Home Sales: up 7.57%

Single Family New Listings: down 20.53% 

Condo Sales: up 13.13%

Condo New Listings: down 20.80%

Townhome Sales:  up 4.46%

Townhome New Listings: down 18.65%

All Properties: up 11.40%

All Properties New Listings: down 19.15%

Highest Sale Price:

Single Family Home : $825,000 -down - 41.07% from December 2010

Condo : $525,000 - down -6.25% from December 2010

Townhome : $276,000 - down - 43.09% from December 2010

Questions or comments?