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Wednesday, May 24, 2017

Brevard County, Florida Residential Real Estate Market Summary April 2017

Below is a summary of the Brevard County Residential real estate market for April 2017:
  • Closed Sales - down -8.6% for April 2017 with 805 units closed compared to 881 in April 2016. Also there was a decrease in cash sales of -28% compared to April 2016.
  • New Pending Sales - increased 22.2%.
  • New Listings - down -3.2%.
  • Median Sales Price for Brevard Single Family homes - up 13.8% to $204,655 compared to a year ago which was $179,900.
  • Months Supply of Inventory - down -16.7% at 2.5 months compared to 3 months in April 2016.
  • Traditional Sales -  fell -4.9% with a median sales price of $210,000.
  • Foreclosure/REO Sales - down -45.1% with a median sales price of $119,500.
  • Short Sale Closings -  down -41.7% with a median sales price of $120,000. 
 
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