Brevard County Florida Housing Report for March 2017
The prime selling season is gearing up as our Brevard County Florida housing inventory continues to drop. This can be frustrating to some buyers as their is stiff competition and pent up demand for quality listings. Sellers are beaming as appraisal valuations continue to be on the uptick. Take the time to view the summarized market statistics below as well as the “detailed” analysis reports.
A quick recap of the Brevard County Residential Report for March 2017 compared to March 2016:
- Closed Sales are up 0.3% for March 2017 in which the number of units closed was 909 compared to 906 in March 2016, with a decrease in cash sales of -12.2% compared to March 2016.
- New Pending Sales are down -3.6% and New Listings are up 9.6%.
- The Median Sales Price for Brevard Single Family homes is up 10.9% to $194,000 compared to a year ago, which was $175,000.
- Months Supply of Inventory is down -7.4% at 2.5 months compared to 2.7 months in March 2016.
- Traditional Sales are up 7.5%, with a median sales price of $195,000.
- Foreclosure/REO Sales are down -51.5%, with a median sales price of $163,000.
- Short Sale Closings are down -50%, with a median sales price of $250,000.
For a detailed residential report please click HERE
A quick recap of the Brevard County Townhouses/Condos for March 2017 compared to March 2016:
- Closed Sales are down -0.4% for March 2017 in which the number of units closed was 254 compared to 255 in March 2016, with an increase in cash sales of 4.1% compared to March 2016.
- New Pending Sales are up 12.2% and New Listings are down -4.2%.
- Median Sales Price for Townhomes/Condos is up 8.7% to $150,000 compared to a year ago, which was $138,000.
- Months Supply of Inventory is down -10% to 3.6 months compared to 4 months in March 2016.
- Traditional Sales are up 7%, with a median sales price of $150,000.
- Foreclosure/REO Sales are down -55%, with a median sales price of $137,000.
- Short Sale Closings are down -100%, as there were no sales in March of 2017.
For a detailed report on townhouses and condos,please click HERE
*Source Florida Realtors