Presented below is a summary report of the Brevard County Townhouse and Condo Market for September 2017 as provided by the Florida Realtors®:
- Closed Sales are down -25.9% for September 2017 in which the number of units closed was 163 compared to 220 in September 2016 with a decrease in cash sales of -43.7% compared to September 2016.
- New Pending Sales are down -35.7%.
- New Listings are down -36.4%.
- Median Sales Price for Townhomes/Condos is up 17.5% to $163,000 compared to a year ago which was $138,700.
- Months Supply of Inventory did not change. It was 3.4 months in September 2016 as well as in September 2017.
- Traditional Sales decreased -24% with a median sales price of $165,250.
- Foreclosure/REO Sales decreased -60% and had a median sales price of $101,500.
- Short Sale Closings decreased -50% with a median sales price of $60,000 in September 2017.
