Below you will find a recap of the housing statistics for November 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.
A quick recap of the Brevard County Residential Report for November 2016 compared to November 2015:* Closed Sales are up 12.8% for November 2016 in which the number of units closed was 715 compared to 634 in November 2015, with a decrease in cash sales by -23% compared to November 2015.
* New Pending Sales are down -7.2% and New Listings are up 5.3%.
* The Median Sales Price for Brevard Single Family homes is up 12% to $189,000 compared to a year ago, which was $168,750.
* Months Supply of Inventory is down -13.8% at 2.5 months compared to 2.9 months in November 2015.
* Traditional Sales are up 21.4%, with a median sales price of $194,950.
* Foreclosure/REO Sales are down -33.8%, with a median sales price of $127,500.
* Short Sale Closings are down -55.6%, with a median sales price of $130,000.
A quick recap of the Brevard County Townhouses/Condos for November 2016 compared to November 2015:* Closed sales are up 17.3% for November 2016 in which the number of units closed was 203 compared to 173 in November of 2015.
* New Pending Sales are up 9% and New Listings are up 15.9%.
* The Median Sales Price for Townhomes/Condos is up 3.3% to $142,000 compared to a year ago, which was $137,500.
* Months Supply of Inventory is up 9.1% to 3.6 months compared to 3.3 months in November 2015.
* Traditional Sales are up 20.5%, with a median sales price of $145,000.
* Foreclosure/REO Sales are down -20%, with a median sales price of $100,500.
* Short Sale Closings are down -50%, with a median sales price of $115,500.