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A quick recap of
the Brevard County Residential Report for July 2018:
- Closed Sales are up 9.6% for July 2018 in which the
number of units closed was 958 compared to 874 in July
2017, with an increase in cash sales of 0.5% compared to
July 2017.
- New Pending Sales are down -6.2% and New Listings are down
-9.4%.
- The Median Sales Price for Brevard
Single Family homes is up 4.1% to $229,000 compared to a year ago,
which was $220,000.
- Months Supply of Inventory is up 10.7% to 3.1 months, an increase from 2.8
months in 2017.
- Traditional Sales are up 11.3%, with a median sales price of
$230,000.
- Foreclosure/REO Sales are down -34.5%, with a median sales price of
$140,000.
- Short Sale Closings are down -20%, with a median sales price of
$140,000.
A quick recap of the
Brevard County Townhouses/Condos for July 2018:
- Closed Sales are up 28.7% for July 2018 in which the
number of units closed was 287 compared to
223 in July 2017, with an increase in cash
sales of 14.3% compared to July 2017.
- New Pending Sales are up 2.4 % and New Listings are down -8.4%.
- Median Sales Price for
Townhomes/Condos is up 6.1% to $170,750 compared to a year
ago, which was $161,000.
- Months Supply of Inventory has decreased to 3.3 months in July 2018 from
3.4 months in July 2017.
- Traditional Sales are up 31.2%, with a median sales price of
$174,100.
- Foreclosure/REO Sales are down -37.5% with a median sales price of
$117,000.
- Short Sale Closing statistics did not
change, as
there were no short sales in July 2017 or July 2018.
Realtor JoAnn Young, Young & Young Properties - 321-243-4917
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