Brevard County Residential Home Statistics for August 2019

Single Family Statistics

• Closed Sales are down -2.7% for August 2019 in which the number of units closed was 943 compared to 969 in August 2018, with a decrease in cash sales of -10.9% compared to August 2018.
• New Pending Sales are down -1.0% and New Listings are down -19.1%.
• The Median Sales Price for Brevard Single Family homes is down -0.4% to $234,000 compared to a year ago, which was $235,000.
• Months Supply of Inventory is down -15.2% to 2.8 months, a decrease from 3.3 months in August 2018.
• Traditional Sales are down -2.2%, with a median sales price of $236,490.
• Foreclosure/REO Sales are down -26.1%, with 17 sales and a median sales price of $126,300.
• Short Sale Closings are down -33.3% with 4 closed sale in August 2019 compared to 3 sales in August 2018.

Townhome/Condo Statistics

• Closed Sales are up to +7.3% for August 2019 in which the number of units closed was 263 compared to 245 in August 2018, with an increase in cash sales of +1.7% compared to August 2018.
• New Pending Sales are up +4.3% and New Listings are down -16.0%.
• Median Sales Price for Townhomes/Condos is up +2.8% to $185,000 compared to a year ago, which was $180,000.
• Months Supply of Inventory remained unchanged at +0.0% to 3.5 months in August 2019 from 3.5 months in August 2018.
• Traditional Sales are up +7.9%, with a median sales price of $185,500.
• Foreclosure/REO Sales are down -33.3%, with 2 sales and a median sales price of $155,000.
• Short Sale Closings are unchanged at +0.0% with 1 closed sales in August 2019 compared to 1 sales in August 2018.

Source: Florida REALTORS 2019