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Thursday, April 21, 2016

Brevard County Townhouse/Condo Market - March 2016 vs. March 2015

Below is a summary of the Brevard County Townhouses and Condos for March 2016 compared to March 2015:
  • Closed Sales were down 9.9% in March 2016 with 255 closed units compared to 283 in March 2015.  There was a decrease in cash sales by 26.0% compared to March 2015.
  • New Pending Sales were up 0.7%.
  • New Listings increased 4.7%
  • Median Sales Price for Townhomes/Condos  were up 9.5% to $138,000 compared to a year ago, which was $126,000.
  • Months Supply of Inventory decreased 4.7% to 4.1 months vs. 4.3 months in February 2015.
  • Traditional Sales were lower 6.1% with a median sales price of $145,000.
  • Foreclosure/REO Sales decreased 39.4% with a median sales price of $89,500.
  • Short Sale Closing were, not surprisingly, down 22.0% with a median sales price of $87,500.
 

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