A Question on many people’s minds is what is the market doing? But more importantly, what is it doing in my area.
For the Space Coast, the short answer is that home sales are down year to year but prices are still up.
According to the national association of realtors, nationally, home sales were down 35.4% from this same time last year, however median home prices were up 3.5%.
On the Space Coast, sales for single family homes were down 32.3% and for condo and townhomes 37.5%.
Our median prices were much higher than the national average, 9.8% for a single family and 20.4% for townhouses and condo . That brings the median price of a single family home on the Space Coast to roughly $323K and townhouses and condos about $240k
Inventory of homes on the space coast , although still low is up 166.7% from last year for single family homes and up 84.6 % for townhomes both at a 2.4 months supply.
That is compared to a 3.3 month supply nationally.
If you would like a full detailed report, let me know, I will be happy to send it to you.
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