Provided by the Space Coast Area Board of Realtors.
A quick recap of the Brevard County Residential Report for May
2016 compared to May 2015:
- Closed Sales
are up 2.6% for May 2016 in which the number of units
closed were 942 compared to 918 in May 2015, with a
decrease in cash sales by -18.2% compared to May 2015.
- New Pending
Sales are up 6.2% and New Listings are up 3.8%.
- The Median Sales
Price for Brevard Single Family homes is up
11.4% to $185,000 compared to a year ago, which was $166,000.
- Months Supply of
Inventory is down -10.3% at 2.6 months compared
to 2.9 months in May 2015
- Traditional
Sales are up 12.9%, with a median sales price of
$190,000.
- Foreclosure/REO
Sales are down -44.1%, with a median sales price of
$131,000.
- Short Sale
Closings are down -41.7%, with a median sales price
of $99,950.
A quick recap of the Brevard County Townhouses/Condos
for May 2016 compared to May 2015:
- Closed Sales are
up 10.5% for May
2016 in which the number of units closed
were 262 compared to 237 in May 2015, withan increase in cash sales by 4.8% compared to May 2015. - New Pending
Sales are up 4.2% and New Listings are up 4.3%
- Median Sales
Price for Townhomes/Condos stayed the same at $140,000.
- Months Supply of
Inventory is down -9.8% to 3.7 months compared to 4.1
months in May 2015.
- Traditional
Sales are up 21.8%, with a median sales price of
$143,200.
- Foreclosure/REO
Sales are down -61.3%, with a median sales price of
$110,200.
- Short Sale
Closings are down -49.7%, with a median sales
price of $102,550.
