Below please find a recap of the housing statistics for July 2017 in Brevard.
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Christine EdwardsCommunications Director
Space Coast Association of REALTORS®
MLS STATISTICS - JULY 2017
A quick recap of the Brevard County Residential Report for July 2017:
- Closed Sales decreased -1.7% for July 2017 in which the number of units closed was 874 compared to 889 in July 2016, with a decrease in cash sales of -9.9% compared to July 2016.
- New Pending Sales are up 3.3% and New Listings are up 26.5%.
- The Median Sales Price for Brevard Single Family homes is up 12.2% to $220,000 compared to a year ago, which was $196,000.
- Months Supply of Inventory is up 7.7% to 2.8 months compared to 2.6 months in July 2016.
- Traditonal Sales are up 1.1%, with a median sales price of $222,000.
- Foreclosure/REO Sales are down -45.3%, with a median sales price of $144,800.
- Short Sale Closings saw no change and had a median sales price of $158,000.
A quick recap of the Brevard County Townhouses/Condos for July 2017:
- Closed Sales are up 18% for July 2017 in which the number of units closed was 223 compared to 189 in July 2016, with an increase in cash sales of 12% compared to July 2016.
- New Pending Sales are down -5% and New Listings are up 16.5%.
- Median Sales Price for Townhomes/Condos is up 15% to $161,000 compared to a year ago, which was $140,000.
- Months Supply of Inventory is down -10.5% to 3.4 months compared to 3.8 months in July 2016.
- Traditional Sales are up 21.5%, with a median sales price of $164,900.
- Foreclosure/REO Sales saw no change and had a median sales price of $64,000.
- Short Sale Closings are down -100%, with no sales in July 2017.