Posted by: lindasymmonds | June 6, 2013

Brevard County Record Breaking Sales for May 2013

Sales volume for single family homes broke a record this May !PRIMARY-2-2

With a spectacular 974 residential units, the highest number of closings in Brevard ever recorded.

The previous record was 925 homes in June 2004.

Meanwhile, total residential sales came in at $158.5 million — up $49.1 million from last May. The last time the month of May had sales over $155 million was in May 2006 (with $177.1 million).

Median home price dipped $2,300 from last month to $121,400, but the average home price was up $6,500 from last month to $163,000.

Median home prices have been at or above $100,000 for 16 months straight, after a $92,000 median in January 2012. This May was the first May with a median of $120,000 or higher since May 2009.

Inventory (2,419 active residential units) has taken another dip and is still near historical lows. Inventory is now DOWN about 80% from the levels of 5 years ago.

The average number of days a house is listed on the market before selling (DOM) decreased 5 days from last month to 78 days. This DOM is not only substantially lower than January 2012’s 125 DOM high, but it is also the lowest DOM ON RECORD for the month of May. The last time the month of May had a DOM near this was 82 days in 2005.

Keep in mind though, this is just the average. Many great Brevard homes are actually being snapped up in a matter of days or weeks.

After digesting this data, we predict sales price levels and volume will continue WELL above 2012 levels for all types of residential properties, at least through the next quarter of 2013.

Linda Symmonds Your Beachside Realtor !

Linda Symmonds
Your Beachside Realtor !

Questions ?? Contact Me at 321 704 2502 Call or Text !

May 2013 MLS Market Quick Stats
Median SINGLE FAMILY sales price:  $121,400
  DN $2,300 from the previous month
  UP $11,400 from a year ago
Total number of residential sales closed:  974   
  UP 12.7% from the previous month

  UP 35% from a year ago

Total $ value of residential sales:  $158.5 Million

 Last month:  $135 Million
 One year ago:  $109.4 Million
Under Contract This Week:
These properties are tagged as “no longer available”
because they are under contract!
This Week’s New Listings
& Price Reductions:
Inventory Stats
Currently, there are 2,419 residential properties listed for sale in Brevard, compared to highs of:
2,530 in the 2nd Quarter of 2013
2,663 in the 1st Quarter of 2013
2,569 in the 4th Quarter of 2012
2,429 in the 3rd Quarter of 2012
2,232 in the 2nd Quarter of 2012
2,738 in the 1st Quarter of 2012
5,472 in 2011
6,711 in 2010
8,337 in 2009
10,837 in 2008

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