Q3 2018 MLS Statistics

Courtesy of Florida Realtors® Industry Data and Analysis Team

Below you will find a recap of the housing statistics for Q3 2018 in Brevard.

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Christine Edwards
Communications Director
Space Coast Association of REALTORS®

MLS Statistics - Q3 2018

A quick recap of the Brevard County Residential Report for Q3 2018:

• Closed Sales are up 5.9% for Q3 2018 in which the number of units closed was 2,676 compared to 2,528 in Q3 2017, with an increase in cash sales of 2.9% compared to Q3 2017.
• New Pending Sales are up 3.7% and New Listings are up 11.7%.
• The Median Sales Price for Brevard Single Family homes is up 4.9% to $230,762 compared to a year ago, which was $220,000.
• Months Supply of Inventory is up 14.3% to 3.2 months, an increase from 2.8 months in 2017.
• Traditional Sales are up 7.5%, with a median sales price of $235,000.
• Foreclosure/REO Sales are down -30.6%, with a median sales price of $135,000.
• Short Sale Closings are down -44.4%, with a median sales price of $136,250.

A quick recap of the Brevard County Townhouses/Condos for Q3 2018:

• Closed Sales are up 14.4% for Q3 2018 in which the number of units closed was 716 compared to 626 in Q3 2017, with an increase in cash sales of 12.9% compared to Q3 2017.
• New Pending Sales are up 10% and New Listings are up 15%.
• Median Sales Price for Townhomes/Condos is up 9.3% to $174,950 compared to a year ago, which was $160,000.
• Months Supply of Inventory has increased to 3.5 months in Q3 2018 from 3.4 months in Q3 2017.
• Traditional Sales are up 16.6%, with a median sales price of $176,500.
• Foreclosure/REO Sales are down -40% with a median sales price of $108,500.
• Short Sale Closings are down -66.7%, with a median sales price of $180,000.