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SOLID INVESTMENTS. SERIOUS RETURNS.
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SOLID INVESTMENTS. SERIOUS RETURNS.
Brevard Market Update
August Real Estate Recap...
August sales numbers were a mixed bag of sorts. While total numbers of sold listings was down from July, it was still higher than a year ago. Inventory is down and the absorption rate ( months of inventory available) is still in a great range at 8.2 months. Average list and sell price are actually up slightly. It appears that reo inventory is down slightly which may be accounting for the lower sales volume. We have seen a steady supply of foreclosure filings and the volume of cases at the county auction remains brisk with well over a hundred cases per week. As I write this the tropical outlook remains very quiet, in fact we have seen very little hurricane activity and the season is coming to a close. This is good news as we have seen yet another year of minimal tropical activity.
For a full copy of this report go here:
http://www.brevardmls.com/brv/reports/pdf/Brevard_MLS_Sales_History_Report_by_Type_for_August_2009.pdf
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