by Realtor Bobby Freeman Brevard’s housing market may be showing some beginning signs of cooling in April: Mortgage interest rates and median home prices continued to rise amid a still-constrained supply of for-sale homes, resulting in fewer closed sales compared to a year ago. According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage [...]
BREVARD COUNTY - The lack of housing inventory, rising mortgage rates and home prices continued to impact Brevard housing market in February, slowing closed sales and pushing median prices to increase compared to a year ago, according to Florida Realtors®’ latest housing data. A quick recap of the Brevard County Residential Report for February 2022: [...]
Even as the pandemic continues into 2022, Brevard’s housing market reported more closed sales and rising median prices compared to a year ago. The median sales price for single-family existing home sales were up 15.7% to $265,000 compared to January 2022. “High buyer demand and lack of inventory continues here on Florida’s Space Coast,” says [...]
A recent survey revealed that many consumers believe there's a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing [...]
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by Realtor Bobby Freeman July's housing numbers show signs that the Space Coast residential real estate market may be returning to normal. While selling remains red-hot, slight inventory growth may lead to some sales slowing. “This rebound in inventory is going to be slow and it will take a long while to get back to [...]
Space Coast Realtors’ data: May had more closed sales, more new listings, and higher median prices (up 39.2% for single-family homes, 70.7% for condos) than a year ago. BREVARD COUNTY – Florida’s Space Coast housing market continued to report more closed sales, higher median prices, more new listings, and increased pending inventory compared to a [...]
Yes, we are in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market especially here on Florida’s Space Coast. High buyer demand and very few houses for sale in Brevard makes this the optimal time to sell for those who are ready [...]
Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple [...]
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