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Friday, April 21, 2017

Brevard County, Florida - Residential Market Summary March 2017

Brevard County Residential Report for March 2017 compared to March 2016 as provided by the Space Coast Association of Realtors:
  • Closed Sales - increased 0.3% for March 2017 with 909 units closed was 909 compared to 906 in March 2016
  • Cash Sales - decreased -12.2% compared to March 2016.
  • New Pending Sales - down -3.6% 
  • New Listings -  up 9.6%.
  • Median Sales Price for Brevard Single Family homes - up 10.9% to $194,000 compared to a year ago which was $175,000.
  • Months Supply of Inventory - down -7.4% at 2.5 months compared to 2.7 months in March 2016.
  • Traditional Sales - increased 7.5% with a median sales price of $195,000.
  • Foreclosure/REO Sales - down -51.5% with a median sales price of $163,000.
  • Short Sale Closings - down -50% with a median sales price of $250,000. 
Questions about buying or selling a home in Florida?  Call or text me at 321-693-3850. 

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