Information derived from the From the Space Coast Association of Realtors:
A quick recap of the Brevard County Residential Report for June
2018:
- Closed Sales are
down -7.3% for June
2018 in which the number of units closed was 958 compared to 1,033 in
June 2017, with a decrease in cash sales of -12.7% compared to June
2017.
- New Pending
Sales are up 2.4% and
New Listings are down -1.4%.
- The Median Sales
Price for Brevard Single Family homes is up 4.5% to $229,950 compared to a year ago, which was
$220,000.
- Months Supply of
Inventory is up 14.8% to
3.1 months, an increase from 2.7 months in June 2017.
- Traditional
Sales are down -6.5%, with
a median sales price of $232,000.
- Foreclosure/REO
Sales are down -14.7%, with
a median sales price of $154,000.
- Short Sale
Closings are down -60%, with
a median sales price of $126,125.
A quick recap of the Brevard County Townhouses/Condos for June
2018:
- Closed Sales are
down -12.9% for June
2018 in which the number of units closed
was 223 compared to 256 in June 2017, witha decrease in cash sales of -17.4% compared to June 2017. - New Pending
Sales are down -5.3 % and
New Listings are up 2%.
- Median Sales
Price for Townhomes/Condos is up 13.5% to $175,000 compared to a year ago, which
was $154,250.
- Months Supply of
Inventory saw no change. It
was 3.4 months in June 2017 and 3.4 months in June 2018.
- Traditional
Sales are down -13.1%, with
a median sales price of $175,000.
- Foreclosure/REO
Sales are down -50% with
a median sales price of $142,550.
- Short Sale
Closing statistics are not available as there were no short sales in June 2017.
There were two short sales in June 2018 with a median sales price of
$127,500.
Posted by JoAnn Young, Realtor at Young & Young Properties 321-243-4917, JoAnn@MyFLDreamHome.com
