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Wednesday, February 22, 2017

Brevard County, Florida Residential Real Estate Market Report for January 2017

A quick recap of the Brevard County Residential Report for January 2017 compared to January 2016 - inventory down, prices higher.  

Details include....
  • Closed Sales are up 2.7% for January 2017 in which the number of units closed was 600 compared to 584 in January 2016, with a decrease in cash sales of -17.9% compared to January 2016.
  • New Pending Sales are up 5.6% and New Listings are up 16%.
  • The Median Sales Price for Brevard Single Family Homes is up 18.2% to $195,000 compared to a year ago, which was $164,950.
  • Months Supply of Inventory is down -10.3% at 2.6 months compared to 2.9 months in January 2016.
  • Traditional Sales are up 12.4%, with a median sales price of $200,000.
  • Foreclosure/REO Sales are down -43%, with a median sales price of $128,800.
  • Short Sale Closings are down -73.3%, with a median sales price of $285,500. 
Want to buy or sell a house in Brevard County (Melbourne, Florida)?  Call or text me at 321-693-3850.

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