From Brevard's Space Coast Association of Realtors
A quick recap of the Brevard County Residential Report for 1st Quarter 2019:
- Closed Sales are
down -4.7% for Q1 2019
in which the number of units closed was 2,088 compared to 2,192 in
2018, with a decrease in cash sales of -7.2% compared to Q1 2018.
- New Pending
Sales are up 2.2% and
New Listings are down -1.9%.
- The Median Sales
Price for Brevard Single Family homes is up 1.5% to $229,750 compared to a year ago, which was $226,323.
- Months Supply of
Inventory is up 21.4% to
3.4 months, an increase from 2.8 months in Q1 2018.
- Traditional
Sales are down -5%, with
a median sales price of $230,000.
- Foreclosure/REO
Sales are up 16.7% with
63 sales and a median sales price of $165,000.
- Short Sale
Closings are down -50%, with
6 sales and a median sales price of $199,100.
A quick recap of the Brevard County Townhouses/Condos for Q1
2019:
- Closed Sales are
down -10.7% for Q1
2019 in which the number of units closed
was 633 compared to 709 in 2018, witha decrease in cash sales of -17.4% compared to Q1 2018. - New Pending
Sales are down -11.5% and
New Listings are down -6.8%.
- Median Sales
Price for Townhomes/Condos is up 10.8% to $175,000 compared to a year ago, which
was $158,000.
- Months Supply of
Inventory is up 17.1% to
4.1 months in Q1 2019 from 3.5 months in Q1 2018.
- Traditional
Sales are down -10.2%, with
a median sales price of $176,500.
- Foreclosure/REO
Sales are down -20% with
8 sales and a median sales price of $136,000.
- Short Sale Closings are down -75% with one sale and a median sales price of $120,000.
