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Friday, July 22, 2016

Brevard County, Florida Residential Real Estate Market Overview June 2016 vs. June 2015

A quick recap of the Brevard County Residential Report for June 2016 compared to June 2015 as provided by the Space Coast Realtors:
  • Closed Sales - Increased 9% for June 2016  with 1033 units closed compared to 948 in June 2015 with a decrease in cash sales by 10.5% compared to June 2015.
  • New Pending Sales - Down 8.3% 
  • New Listings - Up 4.4%.
  • Median Sales Price for Brevard Single Family homes - Up 11.8% to $189,925 compared to a year ago ($169,900).
  • Months Supply of Inventory - Down 6.9%  to 2.7 months (2.9 months last year).
  • Traditional Sales - Increased 22.8% with a median sales price of $195,000.
  • Foreclosure/REO Sales - Decreased 56.6% with a median sales price of $115,000.
  • Short Sale Closings - Down 50%, with a median sales price of $135,500. 
Brevard County, Florida remains a seller's market with prices increasing and inventory stable. 

agent@moving2brevard.com

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