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Brevard County Housing Report for October 2019

Single Family Statistics

A quick recap of the Brevard County Residential Report for October 2019:
  • Closed Sales are up -8.7% for October 2019 in which the number of units closed was 739 compared to 809 in October 2018, with a decrease in cash sales of -26.0% compared to October 2018.
  • New Pending Sales are up +22.7% and New Listings are up +4.0%.
  • The Median Sales Price for Brevard Single Family homes is up +4.3% to $240,000 compared to a year ago, which was $230,000.
  • Months Supply of Inventory is down -15.2% to 2.8 months, a decrease from 3.3 months in October 2018.
  • Traditional Sales are down -6.1%, with a median sales price of $244,900.
  • Foreclosure/REO Sales are down -55.2%, with 13 sales and a median sales price of $152,000.
  • Short Sale Closings are down -87.5% with 1 closed sale in October 2019 compared to 8 sales in October 2018.

Townhome/Condo Statistics

A quick recap of the Brevard County Townhouses/Condos for October 2019:
  • Closed Sales are down to -6.0% for October 2019 in which the number of units closed was 220 compared to 234 in October 2018, with a decrease in cash sales of -14.0% compared to October 2018.
  • New Pending Sales are up +20.3% and New Listings are up +15.3%.
  • Median Sales Price for Townhomes/Condos is up +5.7% to $185,000 compared to a year ago, which was $175,000.
  • Months Supply of Inventory is down -2.8% to 3.5 months in October 2019 from 3.6 months in October 2018.
  • Traditional Sales are up -6.1%, with a median sales price of $185,000.
  • Foreclosure/REO Sales are unchanged at 0.0%, with 3 sales and a median sales price of $131,000.
  • Short Sale Closings are unchanged at +0.0% with 0 closed sales in October 2019 compared to 0 closed sales in October 2018.

Source: Florida REALTORS

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