Brevard County Housing Statistics for November 2019
Single Family Report
A quick recap of the Brevard County Residential Report for November 2019:
- Closed Sales are up +17.9% for November 2019 in which the number of units closed was 805 compared to 683 in November 2018, with an increase in cash sales of +13.3% compared to November 2018.
- New Pending Sales are up +22.8% and New Listings are up +1.2%.
- The Median Sales Price for Brevard Single Family homes is up +6.5% to $240,000 compared to a year ago, which was $225,295.
- Months Supply of Inventory is down -20.0% to 2.8 months, a decrease from 3.5 months in November 2018.
- Traditional Sales are up +18.8%, with a median sales price of $242,425.
- Foreclosure/REO Sales are down -4.8%, with 20 sales and a median sales price of $173,500.
- Short Sale Closings are down -100.0% with 0 closed sale in November 2019 compared to 1 sale in November 2018.
Townhome/Condo Report
A quick recap of the Brevard County Townhouses/Condo Report for November 2019:
- Closed Sales are up +9.4% for November 2019 in which the number of units closed was 210 compared to 192 in November 2018, with a decrease in cash sales of -15.6% compared to November 2018.
- New Pending Sales are up +32.6% and New Listings are up +0.7%.
- Median Sales Price for Townhomes/Condos is up +18.0% to $195,000 compared to a year ago, which was $165,250.
- Months Supply of Inventory is down -10.5% to 3.4 months in November 2019 from 3.8 months in November 2018.
- Traditional Sales are up +13.1%, with a median sales price of $195,000.
- Foreclosure/REO Sales are down -62.5%, with 3 sales and a median sales price of $120,000.
- Short Sale Closings are down -100.0% with 0 closed sales in November 2019 compared to 1 closed sales in November 2018.
Source: Florida REALTORS 2019