Below please find a recap of the housing statistics for May 2017 in Brevard.
Feel Free to contact us with any real estate questions you might have. We have years of experience and are here to assist you.
Christine EdwardsCommunications Director
Space Coast Association of REALTORS®
MLS Statistics - May 2017
A quick recap of the Brevard County Residential Report for May 2017 compared to May 2016:
- Closed Sales are up 3% for May 2017 in which the number of units closed was 987 compared to 958 in May 2016, with a decrease in cash sales of -12% compared to May 2016.
- New Pending Sales are up 4.1% and New Listings are up 14.2%.
- The Median Sales Price for Brevard Single Family homes is up 14.1% to $211,000 compared to a year ago, which was $185,000.
- Months Supply of Inventory is down -3.7% at 2.6 months compared to 2.7 months in May 2016.
- Traditional Sales are up 8.3%, with a median sales price of $215,250.
- Foreclosure/REO Sales are down -50%, with a median sales price of $132,500.
- Short Sale Closings are down -21.4%, with a median sales price of $165,000.
A quick recap of the Brevard County Townhouses/Condos for May 2017 compared to May 2016:
- Closed sales are up 1.9% for May 2017 in which the number of units closed was 270 compared to 265 in May of 2016.
- New Pending Sales are up 15.5% and New Listings are up 18.7%.
- The Median Sales Price for Townhomes/Condos is up 16.1% to $162,500 compared to a year ago, which was $140,000.
- Months Supply of Inventory is down -5.3% to 3.6 months compared to 3.8 months in May 2016.
- Traditional Sales are up 3.6%, with a median sales price of $161,500.
- Foreclosure/REO Sales saw no change and the median sales price was $197,500.
- Short Sale Closings are down -100%, as there were no short sale closings in May of 2017.