Below you will find a recap of the housing statistics for February 2017 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 February 2017 compared to February 2016:
- Closed Sales are down -5.1% for February 2017 in which the number of units closed was 649 compared to 684 in February 2016, with a decrease in cash sales of -16% compared to February 2016.
- New Pending Sales are down -9.3% and New Listings are down -10.5%.
- The Median Sales Price for Brevard Single Family homes is up 24.2% to $205,000 compared to a year ago, which was $165,000.
- Months Supply of Inventory is down -16.7% at 2.5 months compared to 3 months in February 2016.
- Traditional Sales are up 3.7%, with a median sales price of $210,000.
- Foreclosure/REO Sales are down -65.2%, with a median sales price of $154,900.
- Short Sale Closings are up 12.5%, with a median sales price of $118,000.
A quick recap of the Brevard County Townhouses/Condos for February 2017 compared to February 2016:
- Closed sales are up 2.8% for February 2017 in which the number of units closed was 185 compared to 180 in February of 2016.
- New Pending Sales are down -10.6% and New Listings are up 4.4%.
- The Median Sales Price for Townhomes/Condos is down -2.3% to $139,900 compared to a year ago, which was $143,232.
- Months Supply of Inventory is down -4.9% to 3.9 months compared to 4.1 months in February 2016.
- Traditional Sales are up 9.3%, with a median sales price of $143,000.
- Foreclosure/REO Sales are down -55.6%, with a median sales price of $117,237.
- Short Sale Closings saw no change in number of closed sales, and had a median sales price of $87,000 in February of 2017.