It should be noted that the sales data is a little short for the month of September due to Hurricane Irma...
Note from the Chief Economist for Florida Realtors:
- These declines had nothing to do with a change in housing supply
and demand.
Rather, they were directly related to the length of time
businesses, schools, etc. were closed down before and after the
storm.
- There were 20 business days in September (i.e. 21 weekdays minus
Labor Day), so even if title agencies, banks, etc. in your area were only
closed down for four of them, that's 20 percent fewer business days to get
things done right there.
Data obtained From the Space Coast Association of Realtors
MLS
Statistics - September 2017
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 A quick recap of the
Brevard County Residential Report for September 2017
- Closed Sales
decreased -18.4%
for September 2017 in which the number of units closed was 693
compared to 849 in September 2016, with a decrease in cash
sales of -26.4% compared to September 2016.
- New Pending
Sales are down -37.7% and
New Listings are down -30.9%.
- The Median
Sales Price for Brevard Single Family homes is up 9.1% to $215,000 compared to a year ago, which
was $197,100.
- Months
Supply of Inventory is up 12% to 2.8 months compared to 2.5 months in September
2016.
- Traditional
Sales are down -15.5%, with
a median sales price of $220,000.
- Foreclosure/REO
Sales are down -55.8%, with
a median sales price of $115,000.
- Short Sale
Closings decreased -64.3% and had a median sales price of $180,000.
A quick recap of the Brevard County Townhouses/Condos for
September 2017:
- Closed Sales
are down -25.9% for
September 2017 in which the number of units closed was 163 compared
to 220 in September 2016, with a decrease in cash
sales of -43.7% compared to September 2016.
- New Pending
Sales are down -35.7% and New Listings are down -36.4%.
- Median Sales
Price for Townhomes/Condos is up 17.5% to $163,000 compared to a year ago,
which was $138,700.
- Months
Supply of Inventory did not change. It was 3.4 months in September 2016 and
September 2017.
- Traditional
Sales decreased -24%, with
a median sales price of $165,250.
- Foreclosure/REO
Sales decreased -60% and
had a median sales price of $101,500.
- Short Sale
Closings decreased -50%,
with a median sales price of $60,000 in September 2017.
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