Below you will find a recap of the housing statistics for October 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 October 2016 compared to October 2015:
- Closed Sales are down -3.9% for October 2016 in which the number of units closed was 714 compared to 743 in October 2015, with a decrease in cash sales by -25.8% compared to October 2015.
- New Pending Sales are down -25.6% and New Listings are down -21.5%.
- The Median Sales Price for Brevard Single Family homes is up 16.6% to $190,000 compared to a year ago, which was $163,000.
- Months Supply of Inventory is down -14.3% at 2.4 months compared to 2.8 months in October 2015.
- Traditional Sales are up 4.9%, with a median sales price of $199,500.
- Foreclosure/REO Sales are down -53.8%, with a median sales price of $133,250.
- Short Sale Closings are down -55%, with a median sales price of $100,000.
A quick recap of the Brevard County Townhouses/Condos for October 2016 compared to October 2015:
- Closed sales are down -11.2% for October 2016 in which the number of units closed was 183 compared to 206 in October of 2015.
- New Pending Sales are down -42.9% and New Listings are down -17.7%.
- The Median Sales Price for Townhomes/Condos is up 8.9% to $147,000 compared to a year ago, which was $135,000.
- Months Supply of Inventory is up 3% to 3.4 months compared to 3.3 months in October 2015.
- Traditional Sales are down -3.9%, with a median sales price of $152,000.
- Foreclosure/REO Sales are down -63%, with a median sales price of $70,501.
- Short Sale Closings are down -100%, with a median sales price of $147,500.