How To Time The Brevard County Real Estate Market

A Look At The Market
Whenever you have a situation where supply is plentiful but demand is weak, the pressure is on the seller to lower prices. This is true in all businesses and it is definitely true in real estate where a prospective Selling Houses Job buyer can save a considerable amount of money on the purchase of a new home or condominium if the timing is right. So, let’s look at the housing inventory in several popular cities in Brevard County.
Brevard County Real Estate
The median sales price of a home in Brevard County is just under $119,000. This is down from a year ago when the median sales price was about $130,000.
Titusville Real Estate
In Titusville, the median price of a home is about $82,000, which is down from a year ago when the price was about $100,000. There are 423 single-family homes listed for sale in Titusville ranging in price from $30,000 to $1,350,000. There are 186 condominiums listed for sale that range in price from $20,000 to $950,000.
Cocoa Beach Real Estate
The median sales price of a home in Cocoa Beach is $164,000 and this is down from a year ago’s price was about $300,000. There are currently 94 homes for sale in Pros And Cons Of Renting Your House On Airbnb Cocoa Beach and prices range from $90,000 to $2,100,000. There are currently over 300 condominiums for sale and those prices range from $45,000 to $2,400,000.
Melbourne Real Estate
The median sales price of a home in Melbourne is $89,000 and it is down from a year ago when the median sales price of a home was about $94,000. At this writing there are 790 single-family homes listed for sale in Melbourne and prices range from about $30,000 to $2,500,000. There are 240 condos listed for sale that range in price from $22,000 to $845,000.
Palm Bay Real Estate
Single family home prices in Palm Bay average $84,000, down from a year ago when the median sales price was $84,000. In Palm Bay there are currently 801 single-family homes listed for sale that range in price from $15,000 to $1,400,000. There are 102 condominiums listed for sale ranging in price from $30,000 to $800,000.
Merritt Island Real Estate
The median sales price of a home in Merritt Island is $156,000, down from a year ago when the median sales price was $166,000.There are currently 359 single-family homes listed for sale that range in price from $40,000 to $2,899,000. There are 118 condominiums listed for sale ranging in price from $32,000 to $798,000.
Summary
As you can see prices and availability for homes and condominiums in Brevard County vary depending on the particular area. However, it is also clear that over the last year, prices have continued to come down creating good opportunities for motivated buyers.

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