Presented below is a recap of the Brevard County, Florida Real Estate Market for July 2017 as provided by the Florida Realtors.
First, this is a summary report for single family residential properties:
First, this is a summary report for single family residential properties:
- Closed Sales - decreased -1.7% for July 2017 874 units closed compared to 889 in July 2016. Also, there was a decrease in cash sales of -9.9% compared to July 2016.
- New Pending Sales - up 3.3%.
- New Listings - climbed 26.5%.
- Median Sales Price for Brevard Single Family homes - up 12.2% to $220,000 compared to a year ago which was $196,000.
- Months Supply of Inventory - up 7.7% to 2.8 months a small increase from 2.6 months in 2016.
- Traditional Sales - up 1.1% with a median sales price of $222,000
- Foreclosure/REO Sales - dropped -45.3% with a median sales price of $144,800.
- Short Sale Closings - down -9.7% with a median sales price of $158,000.
Now, a report for the townhouse and condo market for July 2017:
- Closed Sales - up 18% for July 2017 in which the number of units closed was 223 compared to 189 in July 2016 with an increase in cash sales of 12% compared to July 2016.
- New Pending Sales - down -5% and New Listings are up 16.5%.
- Median Sales Price for Townhomes/Condos - up 15% to $161,000 compared to a year ago which was $140,000.
- Months Supply of Inventory - down -10.5% to 3.4 months compared to 3.8 months in July 2016.
- Traditional Sales - increased 21.5% with a median sales price of $164,900.
- Foreclosure/REO Sales - unchanged with a median sales price of $64,000.
- Short Sale Closings - decreased -100% with no sales in July 2017.