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Brevard County Housing Statistics - 2018 Yearly Market Summary

By Christine Edwards posted 02-13-2019 10:26

  

2018 MLS Statistics


Courtesy of Florida Realtors® Industry Data and Analysis Team

Below you will find a recap of the housing statistics for 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 MLS map with Brevard County highlighted

MLS Statistics - 2018 Yearly Market Summary


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

  • Closed Sales are up 1.2% for 2018 in which the number of units closed was 9,917 compared to 9,796 in 2017, with a decrease in cash sales of -5.8% compared to 2017.
  • New Pending Sales are down -1% and New Listings are up 6.5%.
  • The Median Sales Price for Brevard Single Family homes is up 8.6% to $228,000 compared to a year ago, which was $210,000.
  • Months Supply of Inventory is up 25.9% to 3.4 months, an increase from 2.7 months in 2017.
  • Traditional Sales are up 3.4%, with a median sales price of $230,000.
  • Foreclosure/REO Sales are down -38.3%, with a median sales price of $145,900.
  • Short Sale Closings are down -44.4%, with a median sales price of $160,125.

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

  • Closed Sales are up 7.9% for 2018 in which the number of units closed was 2,823 compared to 2,617 in 2017, with an increase in cash sales of 3% compared to 2017.
  • New Pending Sales are up 4.3% and New Listings are up 9.9%.
  • Median Sales Price for Townhomes/Condos is up 10.2% to $173,000 compared to a year ago, which was $157,000.
  • Months Supply of Inventory has increased to 3.8 months in 2018 from 3.3 months in 2017.
  • Traditional Sales are up 10%, with a median sales price of $174,900.
  • Foreclosure/REO Sales are down -50% with a median sales price of $112,000.
  • Short Sale Closings are down -11.1% in 2018 with a median sales price of $146,000.
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