Brevard County Residential Statistics for July 2019

SINGLE FAMILY STATISTICS

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

Closed Sales are up +2.8% for July 2019 in which the number of units closed was 985 compared to 958 in July 2018, with an increase in cash sales of +1.0% compared to July 2018.
New Pending Sales are up +7.7% and New Listings are up +0.6%.
The Median Sales Price for Brevard Single Family homes is up +6.6%to $244,000 compared to a year ago, which was $229,000.
Months Supply of Inventory is down -6.5% to 2.9 months, a decrease from 3.1 months in July 2018.
Traditional Sales are up +3.5%, with a median sales price of $245,000.
Foreclosure/REO Sales are down -21.1%, with 15 sales and a median sales price of $190,000.
Short Sale Closings are down -50.0% with 2 closed sale in July 2019 compared to 4 sales in July 2018.

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

Closed Sales are unchanged at +0.0% for July 2019 in which the number of units closed was 287 compared to 287 in July 2019, with a decrease in cash sales of -4.7% compared to July 2018.
New Pending Sales are up +19.5% and New Listings are up +3.7%.
Median Sales Price for Townhomes/Condos is up +7.2% to $183,000 compared to a year ago, which was $170,750.
Months Supply of Inventory increased +12.1% to 3.7 months in July 2019 from 3.3 months in July 2018.
Traditional Sales are up +0.4%, with a median sales price of $185,900.
Foreclosure/REO Sales are down +20.0%, with 4 sales and a median sales price of $91,850.
Short Sale Closings are unchanged at +0.0% with 0 closed sales in July 2019 compared to 0 sales in July 2018.

Source: Florida REALTORS

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