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Wednesday, February 21, 2018

Brevard County, Florida Housing Market Report January 2018

Presented below is the January 2018 real estate market summary for Brevard County, Florida as provided by the Space Coast Association of Realtors.

The residential/single family report for January 2018 as compared to January 2017:

  • Closed Sales - dipped 6.2% for January 2018 with 563 units closed compared to 600 in January 2017 Cash sales also decreased 19.3% compared to January 2017.
  • New Pending Sales - just barely down 0.5%.
  • New Listings - decreased 3.7%.
  • Median Sales Price for Brevard Single Family homes - up 10.3% to $215,000 compared to a year ago which was $195,000.
  • Months Supply of Inventory - increased 7.7% to 2.8 months, an increase from 2.6 months in 2017.
  • Traditional Sales - down 1.3% with a median sales price of $215,750.
  • Foreclosure/REO Sales -  down  a massive 64.4% with a median sales price of $162,500.
  • Short Sale Closings - dropped 25.0% with a median sales price of $215,000. 
A quick recap of the Brevard County Townhouses/Condos for January 2018:
  • Closed Sales - down 9.7% for January 2018  with 168 units closed compared to 186 in January 2017 with a decrease in cash sales of -21.9% compared to January 2017.
  • New Pending Sales - increased 2.7% and New Listings are up 14.6%.
  • Median Sales Price for Townhomes/Condos - up 4.9% to $149,950 compared to a year ago which was $143,000.
  • Months Supply of Inventory has stayed the same at 3.8 months in January 2018 and January 2017.
  • Traditional Sales - down 7.3% with a median sales price of $149,950.
  • Foreclosure/REO Sales -  down 85.7% with a median sales price of $130,000. 
  • Short Sale Closing statistics are not available with one sale in January 2018 with a median sales price of $400,000 and no sales in January 2017.
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