Posted on May 24, 2017 - 01:55 PM
by Terry Lolmaugh
In April of this year the Median Sales Price for Single Family Residential property in the Brevard County Area was 13.8% over the same period in 2016. However, Due to low inventory of available homes, the Closed Sales were down -8.6%. This is why you may hear us say it is a Sellers Market. It is still reasonable for buyers since interest rates are still low. More Renters are becoming First Time Home Buyers with Florida State offering special mortgage assistance. A First Time Home Buyer means they have not owned a home for 3 consecutive years.