Below you will find a recap of the housing statistics for Q4 2016 in Brevard courtesy of Florida Realtors®' Industry Data and Analysis Team.
Feel Free to contact the Space Coast Association of REALTORS® with any real estate questions you might have. We have years of experience and are here to assist you.
Christine Edwards
Communications Director
Space Coast Association of REALTORS®
A quick recap of the Brevard County Residential Report for Q4 2016 compared to Q4 2015:
- Closed Sales are up 3.6% for Q4 2016 in which the number of units closed was 2,262 compared to 2,184 in Q4 2015, with a decrease in cash sales of -21.1% compared to Q4 2015.
- New Pending Sales are down -14% and New Listings are down -7.7%.
- The Median Sales Price for Brevard Single Family homes is up 15.2% to $190,000 compared to a year ago, which was $165,00.
- Months Supply of Inventory is down -14.3% at 2.4 months compared to 2.8 months in Q4 2015.
- Traditional Sales are up 12.3%, with a median sales price of $196,000.
- Foreclosure/REO Sales are down -45.8%, with a median sales price of $130,750.
- Short Sale Closings are down -56.1%, with a median sales price of $115,000.
A quick recap of the Brevard County Townhouses/Condos for Q4 2016 compared to Q4 2015:
- Closed sales are up 3.9% for Q4 2016 in which the number of units closed was 609 compared to 586 in Q4 of 2015.
- New Pending Sales are down -9.8% and New Listings are down -3%.
- The Median Sales Price for Townhomes/Condos is up 5.1% to $145,000 compared to a year ago, which was $138,000.
- Months Supply of Inventory is up 5.9% to 3.6 months compared to 3.4 months in Q4 2015.
- Traditional Sales are up 8.4%, with a median sales price of $147,000.
- Foreclosure/REO Sales are down -48%, with a median sales price of $71,000.
- Short Sale Closings are up 66.7% with a median sales price of $115,000.