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Tuesday, July 22, 2014

June 2014 Brevard County Florida Condo and Townhouse Market Data

Here is a summary of the Brevard County, Florida condo and townhouse market activity for June 2014 compared to a year ago.  

Overall the market is improving with increasing prices, more pending sales and decreasing inventory.  A characteristic that mimics the single family sales is the decrease in short sales and increase in standard sales and foreclosures.   
  • New Pending Sales are up 13.9% and New Listings are down -2.7%. 
  • Closed Sales are up 27.7% for June 2014, with a increase in cash sales of 22.2% compared to June 2013.
  • The Median Sales Price for Townhouses/Condos are up 3.3% to $124,000.
  • Median Days on the Market are up 11.9%, which is 47 days compared to June  2013, which was 42 days.
  • Months Supply of Inventory is down -14.9%, which is 4.7 months compared to June 2013, which was 5.5 months.   
  • Traditional Sales are up 34.6%, with a median sales price of $137,900.
  • Foreclosure/REO Sales are up 53.6%, with a median sales price of $72,000.
  • Short Sale Closings are down -80.0%, with a median sale price of $106,000.
 For information on buying a condo in Brevard County, Florida, give me a call at 321-693-3850 or send me an email.

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