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Brevard County Housing Report for March 2019

Single Family Home Statistics

A quick recap of the Brevard County Residential Report for March 2019:
  • Closed Sales are down -3.6% the number of units closed was 901 compared to 935 in 2018, with a decrease in cash sales of -10.5% compared to March 2018.
  • New Pending Sales are up 10.7% and New Listings are down -7.7%.
  • The Median Sales Price for Brevard Single Family homes is down -1.0% to $227,700 compared to a year ago, which was $230,000.
  • Months Supply of Inventory is up 21.4% to 3.4 months, an increase from 2.8 months in March 2018.
  • Traditional Sales are down -3.8%, with a median sales price of $230,000.
  • Foreclosure/REO Sales are up 21.1% with 23 sales and a median sales price of $134,000.
  • Short Sale Closings are down -60%, with 2 sales and a median sales price of $171,600.

For a detailed Report on Single Family Home activity,please click HERE

Townhome and Condo Statistics

A quick recap of the Brevard County Townhouses/Condos for March 2019:
  • Closed Sales are down -13.3% in which the number of units closed was 274 compared to 316 in 2018, with a decrease in cash sales of -18.8% compared to March 2018.
  • New Pending Sales are down -13.6% and New Listings are down -8.7%.
  • Median Sales Price for Townhomes/Condos is up 15.6% to $185,000 compared to a year ago, which was $160,000.
  • Months Supply of Inventory is up 17.1% to 4.1 months in March 2019 from 3.5 months in March 2018.
  • Traditional Sales are down -12.9%, with a median sales price of $186,000.
  • Foreclosure/REO Sales are down -40% with 3 sales and a median sales price of $132,000.
  • Short Sale Closings saw no change with one sale in March 2018 and March 2019 and a median sales price of $120,000.

For a detailed report on Condo/Townhome activity,please click HERE

Source: Florida REALTORS

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