Brevard County Real Estate Market Report January 2015

Brevard County Real Estate Market Report January 2015

There were 611 closed sales. This is up by 8.1% from January 2014 of 565.

274 of these sales were cash buyers. This is down from 305 in January 2014 by 10.2%. This indicates that 44.8% of purchases were made in cash. This figure is down by 16.9% from January 2014.

There were 993 new pending sales. This is up by 8.2% from January 2014 of 918.

There were 1224 new listings on the market in January 2015. This is up by 16% from 2014 of 1055.

The median sales price was $140,000. This price has increased by 13% from 2014 at $123,900.

The average sales price in January 2015 was $176,573, compared to $158,581 in 2014, an 11.3% increase.

The median number of days on the market in January 2015 was 41, compared to 46 in 2014. A decrease of 10.9%.

Homes sold for 92.6% of list price in 2015, while they sold at 90.5% in 2014, a 2.3% increase.

In January 2015 there were 2705 active listings on the market, a decrease of 8.3% from 2951 in 2014.

There was a 3.4 month supply of homes for sale in January 2015, compared to 4.2 month supply in 2014, a decrease of 18.5%.

Information deemed reliable, but not warranted.

Brevard County Real Estate Market Report January 2015

Source: Florida Realtors WebsIte with data provided by Florida’s Multiple Listing Service.

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