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Monday, November 23, 2015

Brevard County, Florida Residential Real Estate Market - October 2015 vs. October 2014

The below recap of the Brevard County, Florida residential market (single family detached homes) for October 2015 compared to October 2014 is provided by Space Coast Realtors.

  • Closed Sales are down -10.3% for October 2015  with 763 units closed  compared to 851 closings in October 2014.  
  • Cash Sales decreased by -29.6% compared to October 2014.
  • New Pending Sales increased 44.7%.
  • New Listings saw a slight increase of 3.8% above the October 2014 new listings.
  • Median Sales Price for Brevard County single family homes climbed 15.4% to $165,000 over October 2014's $143,000.
  • Months Supply of Inventory decreased -3.7% to 2.9 months vs. 3.0 months in October 2014
  • Traditional Sales are up 5.7% with a median sales price of $175,000.
  • Foreclosure/REO Sales are down -53.5% with a median sales price of $125,000.
  • Short Sale Closing are down -45.9% with a median sales price of $113,625.
For information on buying a home in Brevard County, Florida (Melbourne , Viera and Rockledge), please call or text me at 321-693-3850.
agent@moving2brevard.com

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