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Brevard County Housing Statistics - September 2018

By Christine Edwards posted 11-05-2018 13:21

  

September 2018 MLS Statistics


Courtesy of Florida Realtors® Industry Data and Analysis Team

Below you will find a recap of the housing statistics for September 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®

Brevard County Housing Market Statistics Map Graphic

MLS Statistics - September 2018


The year-over-year percent changes reported for some of your market metrics (e.g. Closed Sales, New Listings, etc.) may be severely skewed in this month's reports, as most markets outside of the Panhandle were heavily impacted by Hurricane Irma last September.

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

  • Closed Sales are up 8.1% for September 2018 in which the number of units closed was 749 compared to 693 in September 2017, with an increase in cash sales of 15.7% compared to September 2017.
  • New Pending Sales are up 47.8% and New Listings are up 49.4%.
  • The Median Sales Price for Brevard Single Family homes is up 9.3% to $235,000 compared to a year ago, which was $215,000.
  • Months Supply of Inventory is up 14.3% to 3.2 months, an increase from 2.8 months in 2017.
  • Traditional Sales are up 9%, with a median sales price of $238,750.
  • Foreclosure/REO Sales are down -10.5%, with a median sales price of $145,600.
  • Short Sale Closings are down -40%, with a median sales price of $112,500.
A quick recap of the Brevard County Townhouses/Condos for September 2018:

  • Closed Sales are up 12.9% for September 2018 in which the number of units closed was 184 compared to 163 in September 2017, with an increase in cash sales of 23.7% compared to September 2017.
  • New Pending Sales are up 47.1 % and New Listings are up 63.3%.
  • Median Sales Price for Townhomes/Condos is up 3.7% to $169,000 compared to a year ago, which was $163,000.
  • Months Supply of Inventory has increased to 3.5 months in September 2018 from 3.4 months in September 2017.
  • Traditional Sales are up 13.9%, with a median sales price of $171,500.
  • Foreclosure/REO Sales saw no change with a median sales price of $85,950.
  • Short Sale Closings are down -100%, with no sales in September 2018 and one in September 2017.
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