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A quick recap of
the Brevard County Residential Report for July 2016 compared
to July 2015:
- Closed Sales are down -4.7% for July
2016 in which the number of units
closed was 926 compared to 972 in July
2015, with a decrease in cash sales by -26.4%
compared to July 2015.
- New Pending Sales are up 2.6% and
New Listings are down -6.1%.
- The Median Sales Price for Brevard
Single Family homes is up 23.2% to
$198,925 compared to a year ago, which was $161,500.
- Months Supply of Inventory is down
-6.9% at 2.7 months compared
to 2.9 months in July 2015.
- Traditional Sales are up 8.1%, with
a median sales price of $204,000.
- Foreclosure/REO Sales are down -63.7%, with
a median sales price of $123,222.
- Short Sale Closings are down
-75%, with a median sales price of
$200,250.
A quick recap of
the Brevard County Townhouses/Condos for July 2016 compared
to July 2015:
- Closed Sales are down -33.7% for July
2016 in which the number of units closed was 183
compared to 276 in July 2015, with an decrease in
cash sales by -40% compared to July 2015.
- New Pending Sales
are down -5.5% and
New Listings are up .4%.
- Median Sales Price for
Townhomes/Condos is up 5.1% to
$145,000 compared to a year ago, which
was $138,000.
- Months Supply of Inventory is up 15.2% to 3.8
months compared to 3.3 months in July 2015.
- Traditional Sales are down -28.3%, with
a median sales price of $147,000.
- Foreclosure/REO Sales are down -78.8%, with
a median sales price of $90,100.
- Short Sale Closings are up 33.3%, with
a median sales price of $62,500.
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