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Friday, December 23, 2016

Brevard County, Florida Townhouse and Condo Market Report - November 2016

Presented below is a recap of the November 2016 Brevard County Townhouses/Condo market compared to November 2015.  Data provided by Space Coast Association of Realtors.
  • Closed Sales are up 17.3% for November 2016 in which the number of units closed was 203 compared to 173 in November 2015, with a increase in cash sales of 13.3% compared to November 2015.
  • New Pending Sales are up 9%
  • New Listings are up 15.9%.
  • Median Sales Price for Townhomes/Condos is up 3.3% to $142,000 compared to a year ago, which was $137,500.
  • Months Supply of Inventory is up 9.1% to 3.6 months compared to 3.3 months in November 2015.
  • Traditional Sales are up 20.5%, with a median sales price of $145,000.
  • Foreclosure/REO Sales are down -20%, with a median sales price of $100,500.
  • Short Sale Closings are down -50%, with a median sales price of $115,500.
For information on buying a condo or house in Brevard County, Florida, call or text me at 321-693-3850.

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