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Brevard County Residential Home Statistics for August 2019

Single Family Statistics

A quick recap of the Brevard County Residential Report for August 2019:
  • 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

A quick recap of the Brevard County Townhouses/Condos for August 2019:
  • 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

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