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Tuesday, September 27, 2016

Brevard County, Florida Residential Market Update for August 2016

Presented below is a recap of the Brevard County Residential (single family home) market for August 2016 compared to August 2015 as provided by the Florida Realtors/Space Coast Association of Realtors.
  • Closed Sales - Increased 1.5% in August 2016 with 879 units closed compared to 866 in August 2015 with a decrease in cash sales by -26.1% compared to August 2015.
  • New Pending Sales - Up 1.8%.
  • New Listings - Up 7.4%.
  • Median Sales Price for Brevard Single Family homes - Up 14.7% to $195,000 vs. a year ago  which was $170,000.
  • Months Supply of Inventory - Decreased -7.4% to 2.5 months compared to 2.7 months in August 2015.
  • Traditional Sales - Up 15.1% with a median sales price of $200,000.
  • Foreclosure/REO Sales - Decreased -64% with a median sales price of $109,450.
  • Short Sale Closings - Down -29.4% with a median sales price of $127,500. 
 
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