Q3 2017 MLS Statistics
Courtesy of Florida Realtors®' Industry Data and Analysis TeamBelow you will find a recap of the housing statistics for Q3 2017 in Brevard.
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Christine EdwardsCommunications Director
Space Coast Association of REALTORS®
MLS Statistics - Q3 2017
A quick recap of the Brevard County Residential Report for Q3 2017:
- Closed Sales decreased -3.4% for Q3 2017 in which the number of units closed was 2,528 compared to 2,617 in Q3 2016, with a decrease in cash sales of -11.7% compared to Q3 2016.
- New Pending Sales are down -9.6% and New Listings are up 1.3%.
- The Median Sales Price for Brevard Single Family homes is up 11.7% to $220,000 compared to a year ago, which was $196,950.
- Months Supply of Inventory is up 12% to 2.8 months compared to 2.5 months in Q3 2016.
- Traditional Sales are down -0.6%, with a median sales price of $221,620.
- Foreclosure/REO Sales are down -41.8%, with a median sales price of $135,000.
- Short Sale Closings decreased -41.9% and had a median sales price of $180,000.
A quick recap of the Brevard County Townhouses/Condos for Q3 2017:
- Closed Sales are down -6.1% for Q3 2017 in which the number of units closed was 626 compared to 667 in Q3 2016, with a decrease in cash sales of -21.3% compared to Q3 2016.
- New Pending Sales are down -12.9% and New Listings are up 0.8%.
- Median Sales Price for Townhomes/Condos is up 8.8% to $160,000 compared to a year ago, which was $147,000.
- Months Supply of Inventory did not change. It was 3.4 months in Q3 2016 and Q3 2017.
- Traditional Sales decreased -3.8%, with a median sales price of $162,000.
- Foreclosure/REO Sales decreased -37.5% and had a median sales price of $115,000.
- Short Sale Closings decreased -62.5%, with a median sales price of $329,500 in Q3 2017.