Monday, November 23, 2015

From the Space Coast Association of Realtors:

A quick recap of the Brevard County Residential Report for October 2015 compared to October 2014:


  • Closed Sales are down -10.3% for October 2015 in which the number of units closed were 763 compared to 851 in October 2014, with a decrease in cash sales by -29.6% compared to October 2014.
  • New Pending Sales are up 44.7% and New Listings are up 3.8%
  • The Median Sales Price for Brevard Single Family homes is up 15.4% to $165,000 compared to a year ago, which was $143,000.
  • Months Supply of Inventory is down -3.7% to 2.9 months compared to 3.0 months in October 2014
  • Traditional Sales are up 5.7%, with a median sales price of $175,000.
  • Foreclosure/REO Sales are down -53.5%, with a median sales price of $125,000.
  • Short Sale Closing are down -45.9%, with a median sales price of $113,625.