Space Coast Housing Report for June 2020

Single Family Homes

A quick recap of the Brevard County Residential Report for June 2020:

Closed Sales are up +13.6% for June 2020 in which the number of units closed was 1,050 compared to 924 in June 2019, with a decrease in cash sales of -1.7% compared to June 2019.
New Pending Sales are up +30.6% and New Listings are down -2.8%.
The Median Sales Price for Brevard Single Family homes is up +4.8% to $260,000 compared to a year ago, which was $248,000.
Months Supply of Inventory is down -27.6% to 2.1 months, a decrease from 2.9 months in June 2019.
Traditional Sales are up +12.6%, with a median sales price of $262,750.
Foreclosure/REO Sales are up +88.9%, with 17 sales and a median sales price of $157,500.
Short Sale Closings are up +300.0% with 4 closed sales in June 2020 compared to 1 closed sale in June 2019.

A quick recap of the Brevard County Townhouses/Condos for June 2020:

Closed Sales are down -3.3% for June 2020 in which the number of units closed was 231 compared to 239 in June 2019, with a increase in cash sales of +15.0% compared to June 2019.
New Pending Sales are up +11.1% and New Listings are down -22.8%.
Median Sales Price for Townhomes/Condos is up +8.8% to $217,500 compared to a year ago, which was $200,000.
Months Supply of Inventory is down -20.5% to 3.1 months in June 2020 from 3.9 months in June 2019.
Traditional Sales are down -1.7%, with a median sales price of $217,500.
Foreclosure/REO Sales are down -100.0%, with 0 sales and a median sales price of $0.
Short Sale Closings are down -100.0% with 0 closed sales in June 2020 compared to 1 closed sale in June 2019.

Source: Florida REALTORS for June 2020