A quick recap of the Brevard County Residential Report for February 2017 compared to February 2016:
Residential Report for February 2017 compared to February 2016 Closed Sales are down -5.1% for February 2017 in which the number of units closed was 649 compared to 684 in February 2016, with a decrease in cash sales of -16% compared to February 2016. New Pending Sales are down -9.3% and New Listings are down -10.5%. The Median Sales Price for Brevard Single Family homes is up 24.2% to $205,000 compared to a year ago, which was $165,000. Months Supply of Inventory is down -16
What does it mean if a listing is contingent?
Shopping for a new home can be a long and draining process, especially when you keep running into terms you don’t recognize. Like what does a contingent listing mean? Should your offer be contingent? Let’s explore what this standard realty term means. If a home listing has a contingent offer status, it means a buyer has made an offer and the seller has accepted. The sale, however, won’t be finalized until certain criteria are met. In this situation, the parties can negotiate