According to the Melbourne Association of REALTORS here in Brevard County Florida, Real Estate Statistics for May 2009 are as follows:
For single family residential units:
There were 531 new listings.
This is a decrease of 26.96% from May 2008 of 727 new listings.
Year to date in 2009 there have been 2952 new listings.
Year to date in 2008 there were 4118 new listings.
There were 298 sold listings.
This is a 1.32% decrease from May 2008 of 302 sold listings.
Year to date in 2009 there are 1409 listings sold.
Year to date in 2008 there were 1282 listings sold.
The average sale price in May 2009 was $169,939.
This is a 10.44% decrease from May 2008 of $189,750.
Average days on the market for May 2009 were 123 days.
This is a 9.82% increase from May 2008 of 112 days.
For all properties, including single family residential, condo and townhouse:
There were 781 new listings.
There were 373 sold listings.
Average sales price was $162,940.
Average days on the market = 137
Types of financing used:
103 conventional financing
148 cash
88 FHA
26 VA
7 Owner financing
This article is authored by
Sandy Shores REALTOR® , Melbourne FL Real Estate
Brevard County Real Estate & Investing
Palm Bay Florida Real Estate News
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Sandy - It looks like you are beginning to experience declining numbers of properties on the market from a year ago, like we are. I hope it means we can clear out inventory, and soon stabilize enough to declare we are in a more normal market!