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Brevard County Housing Statistics Q3 2019

By Jaimie Engle posted 11-07-2019 08:59

  
2019 MLS Statistics
Courtesy of Florida Realtors® Industry Data and Analysis Team
This update is brought to you by the 
Space Coast Association of REALTORS® as a service to our members.
 
Within this email is a recap of the housing statistics for Quarter 3, 2019 in Brevard. Current and archived MLS Statistical reports are also available on the Association's  website.

Feel free to contact us with any real estate questions you might have. We have years of experience, and are here to assist you. 

Leah Selig, CEO
Space Coast Association of REALTORS®
MLS Statistics - Q3 2019
You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties.
A quick recap of the Brevard County Residential Report for Q3 2019:
  • Closed Sales are up +1.0% for Q3 2019 in which the number of units closed was 2,703 compared to 2,676 in Q3 2018, with a decrease in cash sales of -8.6% compared to Q3 2018.
  • New Pending Sales are up +2.0% and New Listings are down -7.7%.
  • The Median Sales Price for Brevard Single Family homes is up +4.0% to $239,900 compared to a year ago, which was $230,762.
  • Months Supply of Inventory is down -12.5% to 2.8 months, a decrease from 3.2 months in Q3 2018.
  • Traditional Sales are up +1.6%, with a median sales price of $240,250.
  • Foreclosure/REO Sales are down -22.0%, with 46 sales and a median sales price of $150,000.
  • Short Sale Closings are down -30.0% with 7 closed sales in Q3 2019 compared to 10 sales in Q3 2018.
A quick recap of the Brevard County Townhouses/Condos for Q3 2019:
  • Closed Sales are up to +7.4% for Q3 2019 in which the number of units closed was 769 compared to 716 in Q3 2018, with a decrease in cash sales of -6.4% compared to Q3 2018.
  • New Pending Sales are up +5.6% and New Listings are down -11.1%.
  • Median Sales Price for Townhomes/Condos is up +6.9% to $187,000 compared to a year ago, which was $174,950.
  • Months Supply of Inventory is down -2.9% to 3.4 months in Q3 2019 from 3.5 months in Q3 2018.
  • Traditional Sales are up +8.3%, with a median sales price of $187,500.
  • Foreclosure/REO Sales are down -41.7%, with 7 sales and a median sales price of $107,125.
  • Short Sale Closings are unchanged at +0.0% with 1 closed sale in Q3 2019 compared to 1 closed sale in Q3 2018.
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