Average Condo Sale Up 10 Percent In Brevard
According to the latest housing data released by Florida Realtors® Florida’s housing market continues to move ahead in June with more closed sales of single-family homes, more new listings, rising median prices and reduction of homes available for sale.
June marks the 18th consecutive month that we’ve seen the statewide single-family home median sales price increase year-over-year.
HOMES ARE SELLING FASTER
In Brevard County the average residential sale was up 3.62 percent to $162,644 and the average condo sale was up more than 10 percent to $158,976 in June from the previous year.
In June there were over 15 percent new listings that hit the market. However this increase was easily absorbed with an increase of 14.5 percent in sold listings compared to June 2012.
Homes are selling faster and faster. The average DOM (Days On Market) dropped over 22 percent in June from 95 days to 74 days for residential homes sales in Brevard. On average sellers received about 94 percent of their asking price in June.
LOW-BALL OFFERS ARE OVER
“The days of submitting low-ball offers are basically over,” says RE/MAX Hall of Fame Member Jennifer McCoy.
Jennifer McCoy
“You better come in with a strong offer if there are already multiple offers on a new listing” says McCoy.
“Having all cash does help with contract negotiations however I am now seeing more buyers with financing offering a higher purchase price to attract seller acceptance.”
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