Melbourne Area Blog

There are many positive signs in Brevard Real Estate! February looks to be a very active month for home sales. Today alone over 40 properties went under contract within the last 24 hours.

Traffic through open houses has picked up.

Showings of our listings has picked up.

Interest rates have dropped again... now just above 5%. Some builder's are offering financing of under 4%.

New listings that are coming on the market at market value are selling quickly.... several in just weeks. The average "days on the market" this year has dropped to just over 90 days.

The new housing stimulus plan for first time home buyer's is much better than last year. There is now an $8,000 tax credit at closing that does not have to be paid back. To qualify a married couples income must not exceed $150,000 or a single persons income cannot exceed $75,000.

March generally is the beginning of our busy season. It is encouraging that we have seen these improvements this early in the year!

Questions or comments?

sandy@sandylegere.com