Brevard County Florida Home Sales Report for December 2017
After finishing the year strong, it is always nice to reflect on the year in Brevard Real Estate and look upon 2018 with anticipation and excitement. January and February are, historically, lower volume months. However, with the on going reduction of housing inventory and average shorter days on the market, there continues to be pent up buyer demand and multiple offers on a property are becoming more prevalent. CHEERS TO A NEW YEAR!!
A quick recap of the Brevard County Residential Report for December 2017:
- Closed Sales are up 0.4% for December 2017 in which the number of units closed was 836 compared to 833 in December 2016, with a decrease in cash sales of -15% compared to December 2016.
- New Pending Sales are up 3.8% and New Listings are down -1.4%.
- The Median Sales Price for Brevard Single Family homes is up 19.3%to $227,789 compared to a year ago, which was $191,000.
- Months Supply of Inventory is up 12.5% to 2.7 months, an increase from 2.4 months in 2016.
- Traditional Sales are up 4%, with a median sales price of $229,500.
- Foreclosure/REO Sales are down -49%, with a median sales price of $165,450.
- Short Sale Closings are down -37.5%, with a median sales price of $119,000.
***For a detailed report on single family home sell through, please click HERE
A quick recap of the Brevard County Townhouses/Condos for November 2017:
- Closed Sales are down -3.6% for December 2017 in which the number of units closed was 215 compared to 223 in December 2016, with a decrease in cash sales of -20.3% compared to December 2016.
- New Pending Sales are down -9.9% and New Listings are down -0.5%.
- Median Sales Price for Townhomes/Condos is up 20.7% to $175,000 compared to a year ago, which was $145,000.
- Months Supply of Inventory is down -8.3% to 3.3 months in December 2017 from 3.6 in December 2016.
- Traditional Sales are down -3.3%, with a median sales price of $175,000.
- Foreclosure/REO Sales increased 12.5% with a median sales price of $116,000.
- Short Sale Closings are down -100%, with no sales in December 2017.
***For a detailed report on condo/townhome sell through,please click HERE
Source: Florida Realtors