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Wednesday, March 22, 2017

Brevard County, Florida Residential Real Estate Market Report February 2017

Brevard County Residential Report for February 2017 compared to February 2016:
  • Closed Sales - down -5.1% for February 2017 with 649 closings compared to 684 in February 2016
  • Cash sales - decreased in -16% compared to February 2016.
  • New Pending Sales - down  -9.3%.
  • New Listings - down -10.5%.
  • Median Sales Price for Brevard Single Family homes - up 24.2% to $205,000 compared to a year ago which was $165,000.
  • Months Supply of Inventory - down -16.7% at 2.5 months compared to 3 months in February 2016.
  • Traditional Sales - up 3.7% with a median sales price of $210,000.
  • Foreclosure/REO Sales - down -65.2% with a median sales price of $154,900.
  • Short Sale Closings - up 12.5% with a median sales price of $118,000. 
 
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