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MLS Statistics Brevard County - November 2017

Courtesy of Florida Realtors®' Industry Data and Analysis Team

Below you will find a recap of the housing statistics for November 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 - November 2017

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

• Closed Sales increased 5.2% for November 2017 in which the number of units closed was 752 compared to 715 in November 2016, with a decrease in cash sales of -1.6% compared to November 2016.
• New Pending Sales are up 14.2% and New Listings are up 1.6%.
• The Median Sales Price for Brevard Single Family homes is up 15.3% to $218,000 compared to a year ago, which was $189,000.
• Months Supply of Inventory is up 12% to 2.8 months compared to 2.5 months in November 2016.
• Traditional Sales are up 9.1%, with a median sales price of $220,000.
• Foreclosure/REO Sales are down -38.8%, with a median sales price of $141,250.
• Short Sale Closings decreased -50% and had a median sales price of $161,863.

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

• Closed Sales are down -3.9% for November 2017 in which the number of units closed was 195 compared to 203 in November 2016, with a decrease in cash sales of -8.4% compared to November 2016.
• New Pending Sales are up 2.3% and New Listings are down -4.5%.
• Median Sales Price for Townhomes/Condos is up 12.7% to $160,000 compared to a year ago, which was $142,000.
• Months Supply of Inventory decreased -5.6% to 3.4 months in November 2017 compared to 3.6 months in November 2016.
• Traditional Sales decreased -5.2%, with a median sales price of $166,000.
• Foreclosure/REO Sales increased 12.5% and had a median sales price of $97,000.
• Short Sale Closings increased 100%, with a median sales price of $136,500 in November 2017.