November 2018 MLS Statistics

Courtesy of Florida Realtors® Industry Data and Analysis Team

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

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Christine Edwards
Communications Director
Space Coast Association of REALTORS®

MLS Statistics - November 2018

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

• Closed Sales are down -9.2% for November 2018 in which the number of units closed was 683 compared to 752 in November 2017, with a decrease in cash sales of -17.1% compared to November 2017.
• New Pending Sales are down -14.7% and New Listings are up 1.9%.
• The Median Sales Price for Brevard Single Family homes is up 3.3% to $225,295 compared to a year ago, which was $218,000.
• Months Supply of Inventory is up 25% to 3.5 months, an increase from 2.8 months in 2018.
• Traditional Sales are down -7.9%, with a median sales price of $230,000.
• Foreclosure/REO Sales are down -30%, with a median sales price of $145,000.
• Short Sale Closings are down -75%, with a median sales price of $300,000.

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

• Closed Sales are down -1.5% for November 2018 in which the number of units closed was 192 compared to 195 in November 2017, with a decrease in cash sales of -11.9% compared to November 2017.
• New Pending Sales are down -15.8% and New Listings are up 8.6%.
• Median Sales Price for Townhomes/Condos is up 3.3% to $165,250 compared to a year ago, which was $160,000.
• Months Supply of Inventory has increased to 3.8 months in November 2018 from 3.4 months in November 2017.
• Traditional Sales are down -0.5%, with a median sales price of $174,940.
• Foreclosure/REO Sales are down -11.1% with a median sales price of $87,000.
• Short Sale Closings are down -50%, with a median sales price of $128,000.