August 2018 MLS Statistics

Courtesy of Florida Realtors® Industry Data and Analysis Team



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

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

• Closed Sales are up 0.8% for August 2018 in which the number of units closed was 969 compared to 961 in August 2017, with a decrease in cash sales of -3.9% compared to August 2017.
• New Pending Sales are down -10.2% and New Listings are up 13.4%.
• The Median Sales Price for Brevard Single Family homes is up 5.6% to $235,000 compared to a year ago, which was $222,500.
• Months Supply of Inventory is up 22.2% to 3.3 months, an increase from 2.7 months in 2017.
• Traditional Sales are up 2.9%, with a median sales price of $237,500.
• Foreclosure/REO Sales are down -37.8%, with a median sales price of $130,200.
• Short Sale Closings are down -62.5%, with a median sales price of $170,000.

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

• Closed Sales are up 2.1% for August 2018 in which the number of units closed was 245 compared to 240 in August 2017, with an increase in cash sales of 4.3% compared to August 2017.
• New Pending Sales are down -4.1 % and New Listings are up 11.6%.
• Median Sales Price for Townhomes/Condos is up 17.6% to $180,000 compared to a year ago, which was $153,125.
• Months Supply of Inventory has increased to 3.5 months in August 2018 from 3.4 months in August 2017.
• Traditional Sales are up 4.8%, with a median sales price of $184,500.
• Foreclosure/REO Sales are down -62.5% with a median sales price of $115,000.
• Short Sale Closings are down -50%, with a median sales price of $180,000.