Luxury and Oceanfront Condo Living - May 2024

Luxury and Oceanfront Condo Living - May 2024

  • Dewayne Clyde Carpenter
  • 05/10/24

We're in the thick of the spring selling season,

and the market is buzzing! Inventory has soared by 56% from last year, reaching near the highest levels since 2019. But it’s not all straightforward—rising mortgage rates have decreased affordability significantly, causing a 14.5% drop in pending sales and forcing nearly half of the listings to slash their prices. Despite these challenges, the average sales price has impressively grown to $448k, with homes moving off the market in just 38 days on average. If you're thinking about selling, now's the time to strike, as homes are most valuable the day they're listed. For more insights and a closer look at specific luxury and oceanfront properties, explore our digital flipbook focused on high-end real estate in Brevard County.


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