Below you will find a recap of the housing statistics for January 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 January 2017 compared to January 2016:
- Closed Sales are up 2.7% for January 2017 in which the number of units closed was 600 compared to 584 in January 2016, with a decrease in cash sales of -17.9% compared to January 2016.
- New Pending Sales are up 5.6% and New Listings are up 16%.
- The Median Sales Price for Brevard Single Family homes is up 18.2% to $195,000 compared to a year ago, which was $164,950.
- Months Supply of Inventory is down -10.3% at 2.6 months compared to 2.9 months in January 2016.
- Traditional Sales are up 12.4%, with a median sales price of $200,000.
- Foreclosure/REO Sales are down -43%, with a median sales price of $128,800.
- Short Sale Closings are down -73.3%, with a median sales price of $285,500.
A quick recap of the Brevard County Townhouses/Condos for January 2017 compared to January 2016:
- Closed sales are up 24.8% for January 2017 in which the number of units closed was 186 compared to 149 in January of 2016.
- New Pending Sales are up 15.3% and New Listings are down -5.6%.
- The Median Sales Price for Townhomes/Condos is up 4.8% to $143,000 compared to a year ago, which was $136,500.
- Months Supply of Inventory is down -5% to 3.8 months compared to 4 months in January 2016.
- Traditional Sales are up 31.6%, with a median sales price of $144,000.
- Foreclosure/REO Sales are down -41.7%, with a median sales price of $95,000.
- Short Sale Closings are down -100%. Year-over-year data is not available as there were no sales in January 2017. The January 2016 median short sale sales price was $62,000.