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Thursday, October 20, 2016

Brevard County, Florida Residential Market Report September 2016

Provided below is a summary of the Brevard County single family home market for September 2016 compared to September 2015.
  • Closed Sales Just barely lower by 0.7% for September 2016 with 849 units closed  vs. 855 in September 2015.   There was a decrease in cash sales by -23.7%  this September.
  • New Pending Sales Increased  are up 4.3% in September 2016.
  • New Listings Increased 5.6% which is needed in this seller's market!
  • Median Sales Price for Brevard Single Family -  Climbed 15.9% to $197,100 compared to a year ago which was $170,000.
  • Months Supply of Inventory - Continued the current trend by going down -3.8% to 2.5 months vs 2.6 months last September. 
  • Traditional Sales -  Went up 8.2% with a median sales price of $200,000.
  • Foreclosure/REO Sales Decreased -60.2% with a median sales price of $141,000.
  • Short Sale Closings -  Also down -6.7% with a median sales price of $123,500.

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