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MLS Statistics Brevard County - October 2017

Courtesy of Florida Realtors®' Industry Data and Analysis Team

Below you will find a recap of the housing statistics for October 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 Edwards
Communications Director
Space Coast Association of REALTORS®

MLS Statistics - October 2017

A quick recap of the Brevard County Residential Report for October 2017:

• Closed Sales decreased -2.8% for October 2017 in which the number of units closed was 694 compared to 714 in October 2016, with a decrease in cash sales of -14% compared to October 2016.
• New Pending Sales are up 33.2% and New Listings are up 15.3%.
• The Median Sales Price for Brevard Single Family homes is up 2.6% to $195,000 compared to a year ago, which was $190,000.
• Months Supply of Inventory is up 12.5% to 2.7 months compared to 2.4 months in October 2016.
• Traditional Sales are down -2%, with a median sales price of $200,000.
• Foreclosure/REO Sales are down -9.5%, with a median sales price of $120,500.
• Short Sale Closings decreased -33.3% and had a median sales price of $165,000.

A quick recap of the Brevard County Townhouses/Condos for October 2017:

• Closed Sales are up 5.5% for October 2017 in which the number of units closed was 193 compared to 183 in October 2016, with an increase in cash sales of 7.5% compared to October 2016.
• New Pending Sales are up 51.8% and New Listings are up 18.7%.
• 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 October 2016 and October 2017.
• Traditional Sales increased 7%, with a median sales price of $160,000.
• Foreclosure/REO Sales decreased -20% and had a median sales price of $125,163.
• Short Sale Closings saw no change in closed sales, and had a median sales price of $64,00 in October 2017.