MLS Area 103 - Garden St. to S.R. 50 (Cheney Highway) - Titusville FL

This is the second market report for this area. If your listing is in MLS 103
you will have to be patient and work with your agent to get the pricing right. 
Read on for absorption rates, there has not been an improvement.

In MLS Area 103 Currently there are:

501 active listings priced from $19,900 - $976,500
120 listed from $  19,900 - $100,000  
219 listed from $104,900 - $200,000 
  68 listed from $205,000 - $300,000  
  42 listed from $309,900 - $400,000 
  20 listed from $414,900 - $500,000  
  21 listed from $525,000 - $600,000   
    4 listed from $650,000 - $700,000 
    7 listed from $757,900 - $976,500

There are 41 properties under contract awaiting closing - breakdown as follows: 

10 properties are pending (contingencies removed)  
8 listed from   $59,900 - $164,000
1 listed at $329,900
1 listed at $480,900 
 

31 properties are under contract with contingencies - breakdown as follows:
11 listed from $ 38,900  - $100,000 
16 listed from $109,500 - $200,000 
 1 listed at $211,990
 3 listed at $375,000 - $400,000 

114 properties have closed since March 20, 2008 (6 months) from $40,000 - $899,000
According to the MLS, 3 of these closing were short sales.

Applying the Absorption Rate Formula says it will take the market 26.37 months
to absorb the current inventory of homes in MLS area 103.  The first report for MLS
Area 103 was on July 29, 2008.  Conditions have not improved since that report. 
Things are virtually the same, with the absorption time being a little longer which
means more new listings than closings.  It's a very good time to be buying real
estate in Titusville FL.  Below is the link to the first report for this area.

Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 103) - July 29, 2008

I can help you find your Home Sweet Home in Florida ~ TODAY!

Home Sweet Home Florida Realty, Inc.
At Home With Diversity (AHWD)
Certified Residential Specialist (CRS)
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Graduate Realtor Institute (GRI)
Titusville, Florida
Cell: 321.544.6808

www.HomeSweetHomeFlorida.com  
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