Melbourne Area Blog

Following are the sales statistics for October 2011 compared to October 2010.  Due to the low inventory of homes for sale compared to last year the monthly numbers may not be a true snapshot of our housing market. The year to date figures following the monthly stats will put it in perspective. I have also added the the percentage of new listings in each category year to date.

October 2011 Sales Stats:

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

Single Family Homes Sold : 510 - up -1.80% from October 2010

Condo's Sold : 104 - down - 11.11% from October  2010

Townhomes Sold : 37 - up - 23.33% from October  2010

Overall Combined Sold: 654 down 2.24% from October  2010

Year to date 2011 - 2010:

Single Family Home Sales: up 8.18%

Single Family New Listings: down 23.06% 

Condo Sales: up 19.55%

Condo New Listings: down 22.49%

Townhome Sales:  up 2.89%

Townhome New Listings: down 18.79%

All Properties: up 11.22%

All Properties New Listings: down 20.26%

Highest Sale Price:

Single Family Home : $850,000 -down - 8.11% from October  2010

Condo : $590,000 - even -0% from October  2010

Townhome : $242,000 - up - 58.17% from October  2010

Questions or comments?