MLS statistics for the 3rd quarter of 2018
Information obtined from the Space Coast Association of Realtors
Sales are still up from last year. Inventory is also higher which means there are more homes from which to choose.
Historic Real Estate Trivia: In 2012, Brevard county was the highest in foreclosure rate in the nation. In 2013, the metro area was rated "best" in the country for buying.
A quick recap of the Brevard County Residential Report for Q3
2018:
- Closed Sales are
up 5.9% for Q3 2018 in
which the number of units closed was 2,676 compared to 2,528 in Q3
2017, with an increase in cash sales of 5.9% compared to Q3 2017.
- New Pending Sales
are up 3.7% and New
Listings are up 11.7%.
- The Median Sales
Price for Brevard Single Family homes is up 4.9% to $230,762 compared to a year ago, which was
$220,000.
- Months Supply of
Inventory is up 14.3% to
3.2 months, an increase from 2.8 months in 2017.
- Traditional
Sales are up 7.5%, with
a median sales price of $235,000.
- Foreclosure/REO
Sales are down -30.6%, with
a median sales price of $135,000.
- Short Sale
Closings are down -44.4%, with
a median sales price of $136,250.
A quick recap of the Brevard County Townhouses/Condos for Q3
2018:
- Closed Sales are
up 14.4% for Q3 2018
in which the number of units closed
was 716 compared to 626 in Q3 2017, withan increase in cash sales of 12.9% compared to Q3 2017. - New Pending
Sales are up 10% and
New Listings are up 15%.
- Median Sales
Price for Townhomes/Condos is up 9.3% to $174,950 compared to a year ago, which
was $160,000.
- Months Supply of
Inventory increased to
3.5 months in Q3 2018 from 3.4 months in Q3 2017.
- Traditional
Sales are up 16.6%, with
a median sales price of $176,500.
- Foreclosure/REO
Sales were down -40% with
a median sales price of $108,500.
- Short Sale
Closings are down -66.7% with
a median sales price of $180,000.
