2017 Brevard Mainland Year End Real Estate Market Report
Vibrant and Robust Brevard Housing Market Outpaces all Others
The Brevard housing market has become the most vibrant along the Central Florida eastern coast. Jobs, jobs and more jobs with good incomes continue to be added in various tech fields. For starter homes and those looking for deals under $250k, this isn’t necessarily good news as inventory continues to be very scarce with less than 1.5 months inventory and barely three months supply in the $250k-500K market. Prices however remained stable, most likely being held down by the buyers ability to pay more with all the tech employment happening locally. The $500k+ market continues to grow with sales up well over 30% in units year over year. With announced expansions from various companies we consider both trends likely to continue. New home construction is the bright spot of home for affordable housing options.