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Thursday, November 30, 2017

Brevard County, Florida Real Estate Market Summary October 2017 vs. October 2016

Here is a quick recap of the Brevard County single family home market for October 2017 compared to October 2016:
  • Closed Sales are down -2.8% for October 2017 with 694 units closed compared to 714 in October 2016 with a decrease in cash sales of -14% compared to October 2016.
  • New Pending Sales are up 33.2%.
  • New Listings are up 15.3%.
  • The Median Sales Price for Brevard Single Family homes is up 2.6% to $195,000 compared to a year ago which was $190,000.
  • Months Supply of Inventory is up 12.5% to 2.7 months, an increase from 2.4 months in 2016.
  • Traditional Sales are down -2% with a median sales price of $200,000.
  • Foreclosure/REO Sales are down -9.5% with a median sales price of $120,500.
  • Short Sale Closings are down -33.3% with a median sales price of $165,000. 
Here is the summary report for the Brevard County townhouse and condo market for October 2017 vs. October 2016:
  • Closed Sales are up 5.5% for October 2017 in which the number of units closed was 193 compared to 183 in October 2016 with an increase in cash sales of 7.5% compared to October 2016.
  • New Pending Sales are up 51.8%.
  • New Listings are up 18.7%.
  • Median Sales Price for Townhomes/Condos is up 8.8% to $160,000 compared to a year ago which was $147,000.
  • Months Supply of Inventory did not change (3.4 months).
  • Traditional Sales are up 7% with a median sales price of $160,000.
  • Foreclosure/REO Sales decreased -20% with a median sales price of $125,163. 
  • Short Sale Closings were unchanged with a median sales price of $64,000 in October 2017.
Ready to buy or sell a home in Melbourne, Florida?  Call or text me at 321-693-3850 for help.

agent@moving2brevard.com
 

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