The below Brevard County, FL single family and condo market report is provided by the Space Coast Association of Realtors.
Here is the summary for the Brevard County single family home market for December 2017:
- Closed Sales are up 0.4% for December 2017 in which the number of units closed was 836 compared to 833 in December 2016, with a decrease in cash sales of -15% compared to December 2016.
- New Pending Sales are up 3.8% and New Listings are down -1.4%.
- The Median Sales Price for Brevard Single Family homes is up 19.3% to $227,789 compared to a year ago, which was $191,000.
- Months Supply of Inventory is up 12.5% to 2.7 months, an increase from 2.4 months in 2016.
- Traditional Sales are up 4%, with a median sales price of $229,500.
- Foreclosure/REO Sales are down -49%, with a median sales price of $165,450.
- Short Sale Closings are down -37.5%, with a median sales price of $119,000.
A quick recap of the Brevard County Townhouses/Condos for December 2017:
- Closed Sales are down -3.6% for December 2017 in which the number of units closed was 215 compared to 223 in December 2016, with a decrease in cash sales of -20.3% compared to December 2016.
- New Pending Sales are down -9.9% and New Listings are down -0.5%.
- Median Sales Price for Townhomes/Condos is up 20.7% to $175,000 compared to a year ago, which was $145,000.
- Months Supply of Inventory is down -8.3% to 3.3 months in December 2017 from 3.6 in December 2016.
- Traditional Sales are down -3.3%, with a median sales price of $175,000.
- Foreclosure/REO Sales increased 12.5% with a median sales price of $116,000.
- Short Sale Closings are down -100%, with no sales in December 2017.
