Brevard County Florida Housing Report for February 2018
The Brevard County Housing Report for February 2018 was an impressive sales month overall. Single Family homes,Condos and Townhouses all outperformed year over year statistics. Days on the market continue to drop as average mortgage rates are on a upward trend. The prime selling/buying season is upon us, as the March Housing statistics are coming in and looking positive.
A quick recap of the Brevard County Residential Report for February 2018:
- Closed Sales are up 6.9% for February 2018 in which the number of units closed was 694 compared to 649 in February 2017, with a decrease in cash sales of -8.1% compared to February 2017.
- New Pending Sales are up 2.7% and New Listings are up 9.1%.
- The Median Sales Price for Brevard Single Family homes is up 12.2%to $230,000 compared to a year ago, which was $205,000.
- Months Supply of Inventory is up 8% to 2.7 months, an increase from 2.5 months in 2017.
- Traditional Sales are up 10.2%, with a median sales price of $232,000.
- Foreclosure/REO Sales are down -38.7%, with a median sales price of $159,500.
- Short Sale Closings are down -55.6%, with a median sales price of $203,500.
***For a detailed report on Single Family Homes, please click HERE
Indialantic Beaches
A quick recap of the Brevard County Townhouses/Condos for February 2018:
- Closed Sales are up 21.6% for February 2018 in which the number of units closed was 225 compared to 185 in February 2017, with an increase in cash sales of 26.6% compared to February 2017.
- New Pending Sales are up 32.9% and New Listings are up 3.9%.
- Median Sales Price for Townhomes/Condos is up 11.9% to $156,500 compared to a year ago, which was $139,900.
- Months Supply of Inventory has decreased to 3.7 months in February 2018 from 3.9 months in February 2017.
- Traditional Sales are up 24.4%, with a median sales price of $157,000.
- Foreclosure/REO Sales are down -50% with a median sales price of $172,500.
- Short Sale Closing statistics are up 100%, with two sales in February 2018 with a median sales price of $146,000 and one sale in February 2017.
Detailed Reports:
***For a detailed report on Townhouse’s and Condo’s, please click HERE
Source: Florida REALTORS®