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Thursday, April 21, 2016

Brevard County, Florida Residential Market Report for March 2016 Compared to March 2015

A quick recap of the Brevard County Residential Real Estate Report for March 2016 compared to March 2015:
  • Closed Sales decreased only 1.0% for March 2016 in which the number of units closed were 906 compared to 915 in March 2015.  There was a decrease in cash sales by 17.0% compared to March 2015.
  • New Pending Sales  decreased 2.2%.
  • New Listings were down 1.0% in March 2016.
  • Median Sales Price for Brevard Single Family homes increased 16.7% to $175,000 compared to a year ago ($150,000).
  • Months Supply of Inventory went down 6.9% at 2.7 months compared to 2.9 months in March 2015.
  • Traditional Sales were 15.4% with a median sales price of $185,000.
  • Foreclosure/REO Sales decreased 51.0% with a median sales price of $112,000.
  • Short Sale Closing were down 50.0% with a median sales price of $157,000.

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