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Brevard County Residential Market Statistics for May 2019

Single-Family Home Report

A quick recap of the Brevard County Residential Report for May 2019:
  • Closed Sales are up 16.2% for May 2019 in which the number of units closed was 1,096 compared to 943 in May 2018, with an increase in cash sales of 12.3% compared to May 2018.
  • New Pending Sales are down -1.5% and New Listings are down -16.0%.
  • The Median Sales Price for Brevard Single Family homes is up 6.3% to $239,208 compared to a year ago, which was $225,000.
  • Months Supply of Inventory is down -3.2% to 3.0 months, a decrease from 3.1 months in May 2018.
  • Traditional Sales are down -3.0%, with a median sales price of $189,000.
  • Foreclosure/REO Sales are up 400.0%, with 5 sales and a median sales price of $97,500.
  • Short Sale Closings did not occur. There were no sales in May 2019 or May 2019.

For detailed Single Family Statistics,please click HERE

Townhome and Condo Report

A quick recap of the Brevard County Townhouses/Condos for May 2019:
  • Closed Sales are down -1.7% for May 2019 in which the number of units closed was 297 compared to 302 in May 2018, with a decrease in cash sales of -9.3% compared to May 2018.
  • New Pending Sales are down -7.2% and New Listings are down -8.6%.
  • Median Sales Price for Townhomes/Condos is up 3.9% to $187,000 compared to a year ago, which was $179,950.
  • Months Supply of Inventory increased 14.3% to 4.0 months in May 2019 from 3.5 months in May 2018.
  • Traditional Sales are down -3.0%, with a median sales price of $189,000.
  • Foreclosure/REO Sales are up 400% with 5 sales and a median sales price of $97,500.
  • Short Sale Closings did not occur. There were no sales in May 2019 or May 2019.

For detailed Townhome/Condo statistics,please click HERE

Source: Florida REALTORS

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