Brevard County Residential Statistics for November ’20
A quick recap of the Brevard County Residential Report for November 2020: Closed Sales are up +10.8% for November 2020 in which the number of units closed was 892 compared to 805 in November 2019, with an increase in cash sales of +10.0% compared to November 2019.New Pending Sales are up +10.1% and New Listings are down -7.4%.The Median Sales Price for Brevard Single Family homes is up +14.6% to $275,000 compared to a year ago, which was $240,000.Months Supply of Inventory is down -46.4% to 1.5 months, a decrease from 2.8 months in November 2019.Traditional Sales are up +12.1%, with a median sales price of $275,000.Foreclosure/REO Sales are down -65.0%, with 7 sales and a median sales price of $270,000.Short Sale Closings are up with 5 closed sales and a median sales price of $197,000 in November 2020 compared to 0 closed sales in November 2019. A quick recap of the Brevard County Townhouses/Condos for November 2020: Closed Sales are up +15.2% for November 2020 in which the number of units closed was 242 compared to 210 in November 2019, with an increase in cash sales of +23.5% compared to November 2019.New Pending Sales are down -1.2% and New Listings are up +3.9%.Median Sales Price for Townhomes/Condos is up +21.0% to $236,000 compared to a year ago, which was $195,000.Months Supply of Inventory is down -29.4% to 2.4 months in November 2020 from 3.4 months in November 2019.Traditional Sales are up +16.4%, with a median sales price of $237,000.Foreclosure/REO Sales are down -66.7%, with 1 closed sale compared to 3 closed sale in November 2019.Short Sale Closings are unchanged with 0 closed sales in November 2020 and 0 closed sales in November 2019. Source: Florida REALTORS |