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Monday, August 28, 2017

Brevard County Real Estate Market (Single Family and Condo) Summary Report for July 2017

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:
  • 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.
For information on buying a house or condo along Florida's Space Coast, call or text me at 321-693-3850. 
 
agent@moving2brevard.com
 

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