Below please find a recap of the housing statistics for August 2017 in Brevard.
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Christine EdwardsCommunications Director
Space Coast Association of REALTORS®
MLS Statistics - August 2017
A quick recap of the Brevard County Residential Report for August 2017:
- Closed Sales increased 9.3% for August 2017 in which the number of units closed was 961 compared to 879 in August 2016, with an increase in cash sales of 0.4% compared to August 2016.
- New Pending Sales are up 2.3% and New Listings are up 6.4%.
- The Median Sales Price for Brevard Single Family homes is up 14.1% to $222,500 compared to a year ago, which was $195,000.
- Months Supply of Inventory is up 8% to 2.7 months compared to 2.5 months in August 2016.
- Traditional Sales are up 12.1%, with a median sales price of $225,000.
- Foreclosure/REO Sales are down -26%, with a median sales price of $127,300.
- Short Sale Closings decreased -33.3% and had a median sales price of $225,000.
A quick recap of the Brevard County Townhouses/Condos for August 2017:
- Closed Sales are down -7% for August 2017 in which the number of units closed was 240 compared to 258 in August 2016, with a decrease in cash sales of -23.3% compared to August 2016.
- New Pending Sales are down -0.4% and New Listings are up 24.2%.
- Median Sales Price for Townhomes/Condos is down -0.6% to $153,125 compared to a year ago, which was $154,000.
- Months Supply of Inventory did not change. It was 3.4 months in August 2016 and August 2017.
- Traditional Sales decreased -5.0%, with a median sales price of $153,125.
- Foreclosure/REO Sales decrease -42.9 and had a median sales price of $145,000.
- Short Sale Closings increased 204.4%, with a median sales price of $342,250 in August 2017.