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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. ....
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. ....
REALTOR BOBBY FREEMAN: Brevard’s housing market reported higher median prices and more inventory (active listings) in January compared to a year ago, where we've seen homebuyer demand eroded by the rise of the 30-year fixed mortgage rate from about 3 percent to more than 6 percent. ....