Below you will find a recap of the housing statistics for December 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 December 2016 compared to December 2015:
- Closed Sales are up 3.1% for December 2016 in which the number of units closed was 833 compared to 808 in December 2015, with a decrease in cash sales of -15% compared to December 2015.
- New Pending Sales are down -6.4% and New Listings are down -3.6%.
- The Median Sales Price for Brevard Single Family homes is up 15.2% to $191,000 compared to a year ago, which was $165,750.
- Months Supply of Inventory is down -14.3% at 2.4 months compared to 2.8 months in December 2015.
- Traditional Sales are up 11.8%, with a median sales price of $195,000.
- Foreclosure/REO Sales are down -47.4%, with a median sales price of $137,500.
- Short Sale Closings are down -57.9%, with a median sales price of $113,875.
A quick recap of the Brevard County Townhouses/Condos for December 2016 compared to December 2015:
- Closed sales are up 7.7% for December 2016 in which the number of units closed was 223 compared to 207 in December of 2015.
- New Pending Sales are up 14.5% and New Listings are down -5.5%.
- The Median Sales Price for Townhomes/Condos is up .5% to $145,000 compared to a year ago, which was $144,250.
- Months Supply of Inventory is up 5.9% to 3.6 months compared to 3.4 months in December 2015.
- Traditional Sales are up 9.8%, with a median sales price of $147,000.
- Foreclosure/REO Sales are down -38.5%, with a median sales price of $62,000.
- Short Sale Closings year-over-year data is not available as there were no sales in December 2015. The December 2016 median short sale sales price was $76,750.