Real Estate Market Update for
32953 (Merritt Island, FL)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was up 75% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 150%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold increased 100% year-over-year, and decreased 60% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.