Did you know that there are currently 798 homes available for sale in Melbourne Florida priced below $200,000? And 1513 homes in Palm Bay? Did you also know that there were less than 10 homes available for sale in Melbourne in January 2005 priced up to $200,000? UNBELIEVABLE!
There are currently 3154 homes and condos available for sale in the Melbourne and Palm Bay areas. There were 219 homes sold and closed from July 1 to July 31, 2008. There are currently 191 homes under contract. Some areas have a 12 to 15 month (and more) supply of homes available for sale!
The Florida Association of REALTORS indicates that homes sales dropped only 5% from June 2007 to June 2008. The median price decreased from $198,000 to $166,400.
Today, 4 out of 10 buyers are first time homebuyers, because there are currently so many great time programs available in the market today. These buyers are freeing up owners that have been landlocked, and allowing them the ability to move on to other properties.
Visit my website at www.SandyShoresMelbourne.com.
