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Brevard County FL – Real Estate Market Report – 1st Quarter 2017

The housing market in Brevard County continues to show healthy gains in home prices.

  •  The median residential sales price, increased 16% in the 1st quarter of 2017,  when compared  to the 1st quarter of 2016. The median sales price is up 80% from the lows of 2011.

  • The number of residential properties that sold in the 1st quarter of 2017 was almost identical to the 1st quarter of 2016, with an increase of .3% .

  • The average days on market fell by 6 % from the 1st quarter of 2016 to the 1st quarter of 2017 (51 days vs 48 days)

  • In the 1st quarter of 2017 only 7% of the residential sales were distressed properties (foreclosures / short sales). That percentage continues to shrink, indicating a healthy market.

With home prices continuing to rise, and interest rates still at historic lows, now is a great opportunity to purchase a home in Brevard County.

John S. Murphy, RE/MAX Elite | 6022 Farcenda Palce | Melbourne, FL 32940 - Licensed In Florida | 321.626.0247

John S. Murphy, REALTOR® | RE/MAX Elite | 6022 Farcenda PL #101 | Melbourne, FL 32940
Serving Brevard County | Licensed In Florida
(321) 626-0247 Direct | (321) 775-8091 Fax | (800) 983-3457 Toll Free is a private enterprise and is not affiliated or endorsed by the U.S. Department of Defense or Patrick Air Force Base