BREVARD COUNTY HOUSING STATISTICS - Q2 2018

Courtesy of Florida Realtors® Industry Data and Analysis Team

Below you will find a recap of the housing statistics for Q2 2018 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 - Q2 2018

A quick recap of the Brevard County Residential Report for Q2 2018:

• Closed Sales are down -0.6% for Q2 2018 in which the number of units closed was 2,808 compared to 2,825 in Q2 2017, with a decrease in cash sales of -11.1% compared to Q2 2017.
• New Pending Sales are up 0.7% and New Listings are up 5.8%.
• The Median Sales Price for Brevard Single Family homes is up 7.3% to $226,384 compared to a year ago, which was $211,000.
• Months Supply of Inventory is up 14.8% to 3.1 months, an increase from 2.7 months in 2017.
• Traditional Sales are up 2.1%, with a median sales price of $228,000.
• Foreclosure/REO Sales are down -49.6%, with a median sales price of $149,000.
• Short Sale Closings are down -60.7%, with a median sales price of $150,000.

A quick recap of the Brevard County Townhouses/Condos for Q2 2018:

• Closed Sales are up 2.1% for Q2 2018 in which the number of units closed was 778 compared to 762 in Q2 2017, with a decrease in cash sales of -2.7% compared to Q2 2017.
• New Pending Sales are up 2% and New Listings are up 8%.
• Median Sales Price for Townhomes/Condos is up 12.5% to $180,000 compared to a year ago, which was $160,000.
• Months Supply of Inventory has not changed. It was 3.4 months in Q2 2018 and 3.4 months in Q2 2017.
• Traditional Sales are up 3.5%, with a median sales price of $185,000.
• Foreclosure/REO Sales are down -61.1% with a median sales price of $108,000.
• Short Sale Closing are up 100%, with 2 closed sales with a median sales price of $127,500 in Q2 2018, compared to 1 closed sale with a median sales price of $39,000 in Q2 2017.