Monday, August 6, 2018

MLS Stats June 2018 for Brevard County, FL


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, with a 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