Thursday, February 21, 2019

Brevard County, Florida MLS Statistics for January 2019

A quick recap of the Brevard County Residential Report for January 2019
Data provided by:  Florida Realtors® Industry Data and Analysis Team 

  • Closed Sales are down -7.5% for January 2019 in which the number of units closed was 521 compared to 563 in 2018, with a decrease in cash sales of -2.6% compared to January 2018.
  • New Pending Sales are down -7.4% and New Listings are up 0.6%.
  • The Median Sales Price for Brevard Single Family homes is up 6.3% to $228,463 compared to a year ago, which was $215,000.
  • Months Supply of Inventory is up 28.6% to 3.6 months, an increase from 2.8 months in January 2018.
  • Traditional Sales are down -7.4%, with a median sales price of $230,500.
  • Foreclosure/REO Sales saw no change with 16 Sales in January 2018 and January 2019 and a median sales price of $148,500.
  • Short Sale Closings are down -66.7%, with a median sales price of $180,000. 
A quick recap of the Brevard County Townhouses/Condos for January 2019:
  • Closed Sales are down -12.5% for January 2019 in which the number of units closed was 147 compared to 168 in 2018, with a decrease in cash sales of -7.9% compared to January 2018.
  • New Pending Sales are down -6.5% and New Listings are down -2.6%.
  • Median Sales Price for Townhomes/Condos is up 13% to $169,400 compared to a year ago, which was $149,950.
  • Months Supply of Inventory is up 10.5% to 4.2 months in January 2019 from 3.8 months in January 2018.
  • Traditional Sales are down -12.7%, with a median sales price of $170,000.
  • Foreclosure/REO Sales are up 100% with two sales in January 2019 and a median sales price of $128,125. 
  • Short Sale Closings are down -100% with no sales in January 2019.
- JoAnn Young -  Young & Young Properties - 321-243-4917

Wednesday, February 6, 2019

Tuesday, January 29, 2019

Why Millennials Can't Purchase a Home

The American dream has been delayed for many millennials.  Nine out of ten millennial renters wish to purchase a home but cannot do so in the near future. 😞

According to a recent survey from ApartmentList.com, 72% of millennial renters site affordability as a factor with 62% of those renters pinpointing the fact they have zero savings. An estimated two-third's of millennial renters would require two decades to save a 20% down payment on a median priced home.

What's the cause?  Read the full article (here).

There is hope for the millennial generation and this can certainly be turned around much sooner than later.  Click over to my friend, Dave Ramsey's blog (here) and find out how.

 Reposted by JoAnn Young, Florida Realtor 321-243-4917, JoAnn@MyFLDreamHome.com