Tuesday, June 22, 2021

Brevard County MLS Statistics for May 2021

 

Statistics provided by the Space Coast Association of Realtors / Florida Association of Realtors

MLS Statistics - May 2021

 

A quick recap of the Brevard County Single-Family Report for May 2021: 

·    Closed Sales are up +39.2% for May 2021 in which the number of units closed was 997 compared to 716 in May 2020, with an increase in cash sales of +124.4%.

·    New Pending Sales are down -7.6% and New Listings are down -2.1%.

·    The Median Sales Price for Brevard Single Family homes is up +16.0% to $290,000 compared to a year ago, which was $250,000.

·    Months Supply of Inventory is down -70.4% to 0.8 months, a decrease from 2.7 months in May 2020.

·    Traditional Sales are up +42.0%, with a median sales price of $290,000.

·    Foreclosure/REO Sales are down -81.3%, with 3 closed sales and a median sales price of $212,000.

·    Short Sale Closings are unchanged with 0 closed sales in May 2021 and 0 Closed sales in May 2020.

 

A quick recap of the Brevard County Townhouses & Condos Report for May 2021: 

·    Closed Sales are up +70.7% for May 2021 in which the number of units closed was 285 compared to 167 in May 2020, with an increase in cash sales of +93.2%.

·    New Pending Sales are up +27.2% and New Listings are down -7.0%.

·    Median Sales Price for Townhouses & Condos is up +36.9% to $230,000 compared to a year ago, which was $168,000.

·    Months Supply of Inventory is down -71.4% to 1.0 months in May 2021 from 3.5 months in May 2020.

·    Traditional Sales are up +73.2%, with a median sales price of $230,000.

·    Foreclosure/REO Sales are down -66.7%, with 1 closed sales and a median sales price of $163,000.

·    Short Sale Closings are unchanged with 0 closed sales in May 2021 and 0 closed sales in May 2020.

JoAnn Young, Realtor

Young & Young Properties

JoAnn@MyFLDreamHome.com

Serving Brevard since 1996

321-243-4917

Wednesday, June 9, 2021

Forbearance Turns into Foreclosures in 2022?

The Florida Realtors website put out this article today.  My advice to anyone looking to buy a home in the future:

1. Keep saving your money.

Link to Florida Realtors.org "When will Buyers Again See Foreclosures Listed for Sale"

https://www.floridarealtors.org/news-media/news-articles/2021/06/when-will-buyers-again-see-foreclosures-listed-sale?utm_campaign=6-9-2021+Florida+Realtors+News&utm_medium=email&utm_source=iPost