Brevard County Housing Report for May 2018
SINGLE FAMILY HOME STATISTICS
A quick recap of the Brevard County Residential Report for May 2018:
- Closed Sales are down -4.5% for May 2018 in which the number of units closed was 943 compared to 987 in May 2017, with a decrease in cash sales of -13.2% compared to May 2017.
- New Pending Sales are up 0.4% and New Listings are up 11.1%.
- The Median Sales Price for Brevard Single Family homes is up 6.6% to $225,000 compared to a year ago, which was $211,000.
- Months Supply of Inventory is up 19.2% to 3.1 months, an increase from 2.6 months in 2017.
- Traditional Sales are down -1.3%, with a median sales price of $225,000.
- Foreclosure/REO Sales are down -65%, with a median sales price of $154,400.
- Short Sale Closings are down -54.5%, with a median sales price of $186,000.
For a detailed report on Single Family home activity,please click HERE
TOWNHOME/CONDO STATISTICS
A quick recap of the Brevard County Townhouses/Condos for May 2018:
- Closed Sales are up 11.9% for May 2018 in which the number of units closed was 302 compared to 270 in May 2017, with an increase in cash sales of 7.9% compared to May 2017.
- New Pending Sales are down -3.9 % and New Listings are up 13.8%.
- Median Sales Price for Townhomes/Condos is up 10.7% to $179,950 compared to a year ago, which was $162,500.
- Months Supply of Inventory has decreased to 3.5 months in May 2018 from 3.6 months in May 2017.
- Traditional Sales are up 16.7%, with a median sales price of $180,000.
- Foreclosure/REO Sales are down -91.7% with a median sales price of $55,000.
- Short Sale Closing statistics did not change, as there were no short sales in May 2017 or May 2018.
For a detailed report on Townhome/Condo activity,please click HERE
Source: Florida Realtors