Brevard buyers faced high mortgage rates with 30-year fixed rates between 7.5 to 8%. Brevard’s real estate market slowed in November, even though there was a year-over-year increase in closed single-family home sales by over 18.5%, and townhouse and condo sales by 6.2%.
In May, Brevard’s housing market had more for-sale inventory (active listings) compared to a year ago, while the county median sales prices remained relatively flat year-over-year.
To combat escalating insurance costs and mitigate property damage in the impending storm season, Florida's state government is extending a lifeline to homeowners. "My Safe Florida Home", a program launched back in November, has dedicated $215 million to aid homeowners in safeguarding their homes from hurricane impacts by reinforcing windows, doors, and roofs.
In May, Brevard’s housing market had more for-sale inventory (active listings) compared to a year ago, while the county median sales prices remained relatively flat year-over-year.
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