Brevard County Housing Report for June 2019

Single Family Statistics

A quick recap of the Brevard County Residential Report for June 2019:

Closed Sales are down 3.5% for June 2019 in which the number of units closed was 924 compared to 958 in June 2018, with a decrease in cash sales of 9.3% compared to June 2018.
New Pending Sales are up +0.3% and New Listings are down -10.3%.
The Median Sales Price for Brevard Single Family homes is up 7.8% to $248,000 compared to a year ago, which was $229,950.
Months Supply of Inventory is down -6.5% to 2.9 months, a decrease from 3.1 months in June 2018.
Traditional Sales are down 1.2%, with a median sales price of $249,250.
Foreclosure/REO Sales are down 69%, with 9 sales and a median sales price of $130,000.
Short Sale Closings are down 75% with 1 closed sale in June 2019 compared to 4 sales in June 2018.

A quick recap of the Brevard County Townhouses/Condos for June 2019:

Closed Sales are up 7.2% for June 2019 in which the number of units closed was 239 compared to 223 in June 2018, with a decrease in cash sales of -8.3% compared to June 2018.
New Pending Sales are up 26.5% and New Listings are up 30.6%.
Median Sales Price for Townhomes/Condos is up 14.3% to $200,000 compared to a year ago, which was $175,000.
Months Supply of Inventory increased 14.7% to 3.9 months in June 2019 from 3.4 months in June 2018.
Traditional Sales are up 7.3%, with a median sales price of $200,000.
Foreclosure/REO Sales are up 50%, with 3 sales and a median sales price of $133,000.
Short Sale Closings are down 50% with 1 closed sale in June 2019 compared to 2 sales in June 2018.

Source: Florida REALTORS Statistics for June 2019