July 28, 2021

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REAL ESTATE REPORT: Space Coast Housing Market Sales Up, Median Sales Price Up 16 Percent Over Last Year – SpaceCoastDaily.com

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single household house Gross sales are up 39.2% for Might 2021

Florida’s Space Coast housing market proceedd to report extra closed sales, greater median prices, extra new listings, and enhanced pending inventory As in contrast with a yr in the past.

BREVARD COUNTY, FLORIDA – Florida’s Space Coast housing market proceedd to report extra closed sales, greater median prices, extra new listings, and enhanced pending inventory As in contrast with a yr in the past.

Notice that this month’s Might 2020 comparability knowledge displays the state lockdown and financial uncertainty that happenred final spring By way of the coronavirus pandemic.

“Brevard’s housing market proceedd To level out very strong positive elements in all packages As in contrast with this time final yr,” says Jennifer McCoy with McCoy Freeman Exact Property.

“I proceed To place many out-of-state consumers into their new Florida house and most Of these consumers are paying all money,” says McCoy

Truly, 276 consumers paid all money As in contrast with123 consumers this time final yr for single-household houses, An enhance of 124.4% in Brevard.

Closed sales of single-household houses statewide in Might totaled 30,985, up 57.9% yr-over-yr, whereas current rental-townhouse sales totaled 15,491, up 155.2% over Might 2020. Closed sales may happen from 30- to 90-plus days after sales contracts are written.

Based mostly on Freddie Mac, The velocity of curiosity for a 30-yr fixed-price mortgage commond 2.96% in Might 2021, down from The three.23% common all through The identical month a yr earlier.

Recap of the Brevard County Single-Family Report for Might 2021

Closed Gross sales are up +39.2% for Might 2021 By which the Quantity of models closed was 997 As in contrast with 716 in Might 2020, with An enhance in money sales of +124.4%.

■ Closed Gross sales are up +39.2% for Might 2021 By which the Quantity of models closed was 997 As in contrast with 716 in Might 2020, with An enhance in money sales of +124.4%.

■ New Pending Gross sales are down -7.6% and New Listings are down -2.1%.

■ The Median Gross sales Worth for Brevard Single Family houses is up +16.0% to $290,000 As in contrast with a yr in the past, which was $250,000.

■ Months Present of Inventory is down -70.4% to 0.8 months, a decrease from 2.7 months in Might 2020.

■ Conventional Gross sales are up +42.0%, with a median sales price of $290,000.

■ Foreclosures/REO Gross sales are down -81.3%, with 3 closed sales and a median sales price of $212,000.

■ Brief Sale Closings are unchanged with 0 closed sales in Might 2021 and 0 Closed Gross sales in Might 2020.

Recap of the Brevard County Townhouses & Condos Report for Might 2021

Closed Gross sales are up +70.7% for Might 2021 By which the Quantity of models closed was 285 As in contrast with 167 in Might 2020, with An enhance in money sales of +93.2%.

■ Closed Gross sales are up +70.7% for Might 2021 By which the Quantity of models closed was 285 As in contrast with 167 in Might 2020, with An enhance in money sales of +93.2%.

■ New Pending Gross sales are up +27.2% and New Listings are down -7.0%.

■ Median Gross sales Worth for Townhouses & Condos is up +36.9% to $230,000 As in contrast with a yr in the past, which was $168,000.

■ Months Present of Inventory is down -71.4% to 1.0 months in Might 2021 from 3.5 months in Might 2020.

■ Conventional Gross sales are up +73.2%, with a median sales price of $230,000.

■ Foreclosures/REO Gross sales are down -66.7%, with 1 closed sales and a median sales price of $163,000.

■ Brief Sale Closings are unchanged with 0 closed sales in Might 2021 and 0 closed sales in Might 2020.

Regarding The author

Freeman, Jennifer McCoy and Nikki McCoy-Freeman are household house owners of the McCoy-Freeman Exact Property Group on Florida’s Space Coast. Collectively They’ve Higher than 40 yrs Of in depth expertise in all elements of The actual estate enterprise, have purchased over $420 million and are ranked Inside The very biggest 1% of all Florida Exacttors.

Bobby Freeman, a lifetime resident of Brevard County, has been a prime Exacttor Inside The world for over 20 yrs. In his first yr as an agent, Freeman acquired a Rising Star award from his Brokers. Since then he has achieved pretty A pair of sales awards from A few of The Most very important real estate corporations On the earth.

Freeman, Jennifer McCoy and Nikki McCoy-Freeman are household house owners of the McCoy-Freeman Exact Property Group on Florida’s Space Coast. Collectively They’ve Higher than 40 yrs Of in depth expertise in all elements of The actual estate enterprise, have purchased over $420 million and are ranked Inside The very biggest 1% of all Florida Exacttors.

Amongst McCoy-Freeman Group’s achievements are Licensed Luxurious Home Advertising Specialist (CLHMS), Licensed Distressed Property Specialists (CDPE), Accredited Purchaser’s Recurrentative (ABR) and voted Best Exacttor in Brevard County. The group has been featured In lots of information publications together with CNN Cash Journalazine, CNNCash.com, WFTV 9 News, News 13, WKMG News 6, Coastal Condo Dwelling Journalazine, Scorching Retirement Cities Journalazine, and SpaceCoastDaily.com.

For extra information Go on-line to BrevardExacttyConnection.com

TO SEE CONDO LISTINGS LOG ON TO CocoaBeachCondoGallery.com

 

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