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Friday, April 21, 2017

Brevard County, Florida - Condo Market Summary March 2017

Brevard County Townhouse/Condo market summary for March 2017 compared to March 2016:
  • Closed Sales - down -0.4% for March 2017 with 254 units closed compared to 255 in March 2016 with an increase in cash sales of 4.1% compared to March 2016.
  • New Pending Sales - up 12.2% 
  • New Listings - decreased -4.2%.
  • Median Sales Price for Townhomes/Condos - increased 8.7% to $150,000 compared to a year ago which was $138,000.
  • Months Supply of Inventory - down -10% to 3.6 months compared to 4 months in March 2016.
  • Traditional Sales - up 7% with a median sales price of $150,000.
  • Foreclosure/REO Sales - down -55%, with a median sales price of $137,000.
  • Short Sale Closings are down -100%, as there were no sales in March of 2017.
Questions about buying or selling a home in Florida?  Call or text me at 321-693-3850. 
 

 

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