Q1 2019 MLS Statistics
Courtesy of Florida Realtors® Industry Data and Analysis TeamBelow you will find a recap of the housing statistics for Q1 2019 in Brevard.
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Christine EdwardsCommunications Director
Space Coast Association of REALTORS®
MLS Statistics - Q1 2019
A quick recap of the Brevard County Residential Report for Q1 2019:
- Closed Sales are down -4.7% for Q1 2019 in which the number of units closed was 2,088 compared to 2,192 in Q1 2018, with a decrease in cash sales of -7.2% compared to Q1 2018.
- New Pending Sales are up 2.2% and New Listings are down -1.9%.
- The Median Sales Price for Brevard Single Family homes was up 1.5% to $229,750, compared to a year ago, which was $226,323.
- Months Supply of Inventory is up 21.4% to 3.4 months, an increase from 2.8 months in Q1 2018.
- Traditional Sales are down -5%, with a median sales price of $230,000.
- Foreclosure/REO Sales are up 16.7%, with 63 sales and a median sales price of $165,000.
- Short Sale Closings are down -50%, with 6 sales and a median sales price of $199,100.
A quick recap of the Brevard County Townhouses/Condos for Q1 2019:
- Closed Sales are down -10.7% for Q1 2019 in which the number of units closed was 633 compared to 709 in Q1 2018, with a decrease in cash sales of -17.4% compared to Q1 2018.
- New Pending Sales are down -11.5% and New Listings are down -6.8%.
- Median Sales Price for Townhomes/Condos is up 10.8% to $175,000 compared to a year ago, which was $158,000.
- Months Supply of Inventory has increased 17.1% to 4.1 months in Q1 2019 from 3.5 months in Q1 2018.
- Traditional Sales are down -10.2%, with a median sales price of $176,500.
- Foreclosure/REO Sales are down -20% with 8 sales and a median sales price of $136,000.
- Short Sale Closings are down -75% with 1 sale in Q1 2019 and a median sales price of $120,000.
Click here to view a Media Snapshot that incorporates year-to-date figures.