Median Sales Price UP 24% For Single-Family Homes Brevard County Florida
ABOVE VIDEO: In Brevard County, residential property closed sales are down -5.1% for February 2017 in which the number of units closed was 649 compared to 684 in February 2016, with a decrease in cash sales of -16% compared to February 2016.
After starting the year at the fastest pace in almost a decade, existing-home sales slid in February but remained above year ago levels both nationally and in all major regions, according to the National Association of Realtors.
First-time buyers were 32 percent of sales in February, which is down from 33 percent in January but up from 30 percent a year ago.
Investors are still making up an above average share of the market right now despite steadily rising home prices and few distressed properties on the market, and their financial wherewithal to pay in cash gives them a leg-up on the competition against first-time buyers.
Recap of the Brevard County Residential Report for February 2017 compared to February 2016:
