Brevard County Housing Report for June 2017
As we make the turn to the back half of 2017, the Brevard Residential Market continues to show an upward swing in median Single Family as well as Townhome/Condo prices. As we near Brevard County’s Back to School, pending home sales and closed properties are looking just as strong. Interest Rates continue to remain at historic lows with anticipation of an increase by year end/4th quarter.
A quick recap of the Brevard County Residential Report for June 2017:
- Closed Sales stayed the same for June 2017 in which the number of units closed was 1033 compared to 1033 in June 2016, with a decrease in cash sales of -21.6% compared to June 2016.
- New Pending Sales are up 1.6% and New Listings are up 4.6%.
- The Median Sales Price for Brevard Single Family homes is up 15.8% to $220,000 compared to a year ago, which was $189,925.
- Months Supply of Inventory is stayed the same at 2.7 months compared to 2.7 months in June 2016.
- Traditonal Sales are up 3.1%, with a median sales price of $222,825.
- Foreclosure/REO Sales are down -45.2%, with a median sales price of $149,125.
- Short Sale Closings are down -16.7%, with a median sales price of $135,000.
For a detailed report of Single Family homes, please click Contact on the homepage to request.
A quick recap of the Brevard County Townhouses/Condos for June 2017 compared to June 2016:
- Closed Sales are down -3.0% for June 2017 in which the number of units closed was 256 compared to 264 in June 2016, with a decrease in cash sales of -6.4% compared to June 2016.
- New Pending Sales are up 7.9% and New Listings are down -9.6%.
- Median Sales Price for Townhomes/Condos is up 16.1% to $162,500 compared to a year ago, which was $140,000.
- Months Supply of Inventory is down -10.5% to 3.4 months compared to 3.8 months in June 2016.
- Traditional Sales are up 0.4%, with a median sales price of $156,000.
- Foreclosure/REO Sales are down 66.7% and the median sales price was $94,200.
- Short Sale Closings are down -100%, as there were no short sale closings in June of 2017.
For a detailed report on Townhomes/Condo’s, please click Contact on the homepage to request.
*Data provided by Florida Realtors