Скачать или смотреть Housing Market Update July 2021 Brevard County and Cocoa Beach Florida

Housing market update July 2021 Brevard County and Cocoa Beach Florida.

Are we in a housing bubble?
Is a housing crash coming?
When will the housing market crash?
When will house prices drop?

How's the market????
Are you wondering about any of these questions or scenarios? I hope to answer them in this post.

All the stats in this post were pulled from the Space Coast Association of Realtors MLS on August 1st and August 2nd.

Inventory is rising. Yes, we have finally seen a little bump up in our active inventory throughout Brevard County. We ended the month of July with 1367 active listings for the entire county. Inventory has not been this high since February 2021. Even though it is up compared to just 6 months ago, last July (2020), our active inventory was at 2394. Here’s what the July inventory levels have been for the last few years.

Our housing market is simply going through an adjustment right now. The pace of sales is still very strong. We have sold more property year to date than we have the last 5 years.

Our new listing inventory coming on the market is still lagging behind past years. We are just ahead of 2020 numbers but are way behind the amount of property coming to market 2019-2017

Until our active inventory rises above 3500 and our sales drop to under 1000, we will continue to be in a sellers market. A quick reminder of the different markets. Sellers market is under a 4 month supply of properties for sale. A balanced market is 4-6 months. A Buyers market is 6+ month supply of homes for sale. The real estate market has been considered a sellers market in Brevard County since 2012.

You can read the full post at https://cocoabeachinsider.com/2021/08...

Questions about the real estate market or living on the Space Coast? You can call or text Eric Larkin with REMAX Aerospace 321.795.1854, comment below, or send a message here www.CocoaBeachInsider.com/contact/

If you are planning on selling your home soon, here are a few other videos for you to check out:

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Understand the contract on your home    • FAR BAR Contract review whether you are Bu...  
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Playlist for selling your home    • FAR BAR Contract review whether you are Bu...  
Playlist for buying a home    • FAR BAR Contract review whether you are Bu...  

About Eric:

Eric Larkin is a Broker Associate with REMAX Aerospace. He lives, works, and plays in the Cocoa Beach area. Eric has been helping buyers and sellers with their real estate needs since becoming a real estate agent in 2003. His focus is always on helping, answering your questions, and doing everything possible to make certain you have a smooth transaction from beginning to end.

What questions do you have about buying or selling a home?
https://cocoabeachinsider.com/contact/

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