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Friday, July 22, 2016

Brevard County, Florida Condo Market Overview June 2016

A quick recap of the Brevard County Townhouses/Condos for June 2016 compared to June 2015 as provided by Space Coast Realtors.
  • Closed Sales are down 3.3% for June 2016 with 264 units closed compared to 273 in June 2015 with a decrease in cash sales by 22.1% compared to June 2015.
  • New Pending Sales are down 18.3%.
  • New Listings are up 5.3%.
  • Median Sales Price for Townhomes/Condos increased 14.9% to $154,500 compared to a year ago which was $134,500.
  • Months Supply of Inventory went up 2.7% to 3.8 months compared to 3.7 months in June 2015.
  • Traditional Sales are up 6.8% with a median sales price of $157,000.
  • Foreclosure/REO Sales are down -67.6% with a median sales price of $84,250.
  • Short Sale Closings stayed the same with a median sales price of $32,500.
For information on buying a condo in Brevard County, Florida, please call or text me at 321-693-3850.

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