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Brevard County Housing Statistics for April 2020

Single Family Statistics

A quick recap of the Brevard County Residential Report for April 2020:
  • Closed Sales are down -23.1% for April 2020 in which the number of units closed was 767 compared to 998 in April 2019, with a decrease in cash sales of -50.5% compared to April 2019.
  • New Pending Sales are down -35.5% and New Listings are down -16.9%.
  • The Median Sales Price for Brevard Single Family homes is up +7.1% to $255,000 compared to a year ago, which was $238,000.
  • Months Supply of Inventory is down -6.5% to 2.9 months, a decrease from 3.1 months in April 2019.
  • Traditional Sales are down 21.2%, with a median sales price of $256,000.
  • Foreclosure/REO Sales are down -80.6%, with 6 sales and a median sales price of $210,250.
  • Short Sale Closings are down -66.7% with 1 closed sale in April 2020 compared to 3 closed sales in April 2019.

Townhome/Condo Statistics

A quick recap of the Brevard County Townhouses/Condos for April 2020:
  • Closed Sales are down -27.3% for April 2020 in which the number of units closed was 186 compared to 256 in April 2019, with a decrease in cash sales of -41.4% compared to April 2019.
  • New Pending Sales are down -43.0% and New Listings are down -34.3%.
  • Median Sales Price for Townhomes/Condos is up +23.9% to $214,950 compared to a year ago, which was $173,500.
  • Months Supply of Inventory is down -10.3% to 3.5 months in April 2020 from 3.9 months in April 2019.
  • Traditional Sales are down -28.0%, with a median sales price of $214,950.
  • Foreclosure/REO Sales are up +50.0%, with 3 sale and a median sales price of $193,250.
  • Short Sale Closings are unchanged at 0.0% with 0 closed sales in April 2020 compared to 0 closed sale in April 2020.

Source

 Florida REALTORS and Space Coast Association of REALTORS

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