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Thursday, August 10, 2017

Brevard County, Florida Real Estate Market Summary 2nd Quarter 2017 vs. 2nd Qtr 2016

Presented below is quick recap of the Brevard County Residential (single family) market and the townhouse/condo market for quarter 2 compared to quarter 2 2016 as provided by the Florida Realtors: 

Single Family Residential Market
  • Closed Sales are down -1.6% for Q2 2017 in which the number of units closed was 2,825 compared to 2,872 in Q2 2016, with a decrease in cash sales of -20.6% compared to Q2 2016.
  • New Pending Sales are up 8.7% and New Listings are up 5%.
  • The Median Sales Price for Brevard Single Family homes is up 14.1% to $211,000 compared to a year ago, which was $185,000.
  • Months Supply of Inventory remained at 2.7 months.
  • Traditional Sales increased 2.4%, with a median sales price of $215,000
  • Foreclosure/REO Sales decreased -46.9%, with a median sales price of $123,000.
  • Short Sale Closings are down -26.3%, with a median sales price of $132,500. 
Townhouse and Condo Market
  • Closed Sales are down -3.1% for Q2 2017 in which the number of units closed was 762 compared to 786 in Q2 2016, with a decrease in cash sales of -6.9% compared to Q2 2016.
  • New Pending Sales are up 9.4% and New Listings are up 2.5%.
  • Median Sales Price for Townhomes/Condos is up 9.6% to $160,000 compared to a year ago, which was $146,000.
  • Months Supply of Inventory is down -10.5% to 3.4 months compared to 3.8 months in Q2 2016.
  • Traditional Sales are up 0.1%, with a median sales price of $160,000.
  • Foreclosure/REO Sales are down -51.4% with a median sales price of $127,000. 
  • Short Sale Closings are down -85.7%, with a median sales price of 39,000 for Q2 2017.
 For information on buying a home in Florida, call or text me at 321-693-3850.

agent@moving2brevard.com
 

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