From the Space Coast Association of Realtors:
A quick recap of the Brevard County Residential Report for March
2016 compared to March 2015:
- Closed Sales are
down -1.0% for
March 2016 in which the number of units closed were 906 compared to
915 in March 2015, with a decrease in cash sales by -17.0%
compared to March 2015.
- New Pending
Sales are down -2.2% and New Listings are down -1.0%
- The Median Sales
Price for Brevard Single Family homes is up
16.7% to $175,000 compared to a year ago, which was $150,000.
- Months Supply of
Inventory is down -6.9% at 2.7 months compared to 2.9
months in March 2015
- Traditional
Sales are up 15.4%, with a median sales price of
$185,000.
- Foreclosure/REO
Sales are down -51.0%, with a median sales price of
$112,000.
- Short Sale
Closing are down -50.0%, with a median sales price
of $157,000.
A quick recap of the Brevard County Townhouses/Condos for March
2016 compared to March 2015:
- Closed Sales are
down -9.9% for
March 2016 in which the number of units closed
were 255 compared to 283 in March 2015, withan decrease in cash sales by -26.0% compared to March 2015. - New Pending
Sales are up 0.7% and New Listings are up 4.7%
- Median Sales
Price for Townhomes/Condos is up 9.5% to $138,000
compared to a year ago, which was $126,000.
- Months Supply of
Inventory is down -4.7% to 4.1 months compared to 4.3 months
in February 2015.
- Traditional
Sales are down -6.1%, with a median sales price of
$145,000.
- Foreclosure/REO
Sales are down -39.4%, with a median sales price of
$89,500.
- Short Sale
Closing are down -22.0%, with a median sales
price of $87,500.
