Brevard County Market Watch here in Melbourne Florida
By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
Did you know that there are currently 798 homes available for sale in Melbourne Florida priced below $200,000? And 1513 homes in Palm Bay? Did you also know that there were less than 10 homes available for sale in Melbourne in January 2005 priced up to $200,000? UNBELIEVABLE! There are currently 3154 homes and condos available for sale in the Melbourne and Palm Bay areas. There were 219 homes sold and closed from July 1 to July 31, 2008. There are currently 191 homes under contract. Some areas have a 12 to 15 month (and more) supply of homes available for sale! The Florida Association of REALTORS indicates that homes sales dropped only 5% from June 2007 to June 2008. The median price decreased from $198,000 to $166,400. Today, 4 out of 10 buyers are first time homebuyers, bec...
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