Don Moody’s Blog » Blog Archive » Supply tells another good market story.

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Supply tells another good market story.	0	Apr 13, 2009
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Apr

Supply tells another good market story.

Posted by Don Moody under For Realty Professionals, Brevard, Ask a REALTOR

I enjoy taking with smart people, ater a recent conversation with someone I consider very knowledge in the Brevard county real estate market I got to thinking (yes, I know this can be concern) what other market trends should I be watching…

So, here is some more trends for Brevard County Florida market, data pulled from MLS.

Months supply of residential homes:

Jan 2008 - 27.2 months of property available.
Feb 2008 - 20.3 months of property avaiable.
Mar 2008 - 16.2 months of property available.
Jan 2009 - 15.7 months of property available.
Feb 2009 - 13 months of property available.
Mar 2009 - 10.2 months of property available.

Our market for residential homes is still a buyers market, yet is closer to being a nutrual market. I believe it is better than it was and is improving. It will be a while more before we are back to a sellers market.

The downside to these numbers are they include regular resale, short sales and REO properties, someday maybe our MLS will give us the tools to generate better reports.

Please visit my website: www.moodyteam.com