MARKET WATCH: Median Sales Price for Brevard Single Family Home Up 6.6% to $244,000

MEDIAN PRICE FOR TOWNHOMES/CONDOS IS UP 7.2% TO $183,000

WATCH: Florida’s housing market reported more closed sales, more pending sales and higher median prices in July compared to a year ago, according to the latest housing data released by Florida Realtors. The median sales price for Brevard single-family homes is up 6.6% to $244,000 compared to a year ago, which was $229,000.

BREVARD COUNTY, FLORIDA – The median sales price for Brevard single-family homes is up 6.6% to $244,000 compared to a year ago, which was $229,000.

Florida’s housing market reported more closed sales, more pending sales and higher median prices in July compared to a year ago, according to the latest housing data released by Florida Realtors.

Sales of single-family homes statewide totaled 28,142 last month, up 10.4% from July 2018.

In July, statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year for 91 consecutive months.

The statewide median sales price for single-family existing homes was $268,000, up 5.1% from the previous year. Last month’s statewide median price for condo-townhouse units was $188,000, up 4.4% over the year-ago figure.

“After taking a little breather in June, the pace of existing-home sales in Florida ramped right up again in July,” says Florida Realtors Chief Economist Dr. Brad O’Connor.

“Closed sales of single-family homes were up more than 10% in July compared to a year ago, and new pending sales – that is, the number of homes that went under contract during the month – were up by 7.4%, year-over-year.

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.77% in July 2019, down significantly from the 4.53% averaged during the same month a year earlier.

Source: https://spacecoastdaily.com/2019/09/market-watch-median-sales-price-for-brevard-single-family-home-up-6-6-to-244000/

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