JoAnn Young, Young & Young Properties 321-243-4917, email: JoAnn@MyFLDreamHome.com
A quick recap of the Brevard County Residential Report for October 2019:
- Closed Sales are
up -8.7% for October
2019 in which the number of units closed was 739 compared to 809 in
October 2018, with a decrease
in cash sales of -26.0% compared to October 2018.
- New Pending
Sales are up +22.7% and
New Listings are up +4.0%.
- The Median Sales
Price for Brevard Single Family homes is up +4.3% to $240,000 compared to a year ago, which was
$230,000.
- Months Supply of
Inventory is down -15.2% to
2.8 months, a decrease from 3.3 months in October 2018.
- Traditional
Sales are down -6.1%, with
a median sales price of $244,900.
- Foreclosure/REO
Sales are down -55.2%, with
13 sales and a median sales price of $152,000.
- Short Sale
Closings are down -87.5% with
1 closed sale in October 2019 compared to 8 sales in October 2018.
A quick recap of the Brevard County Townhouses/Condos for
October 2019:
- Closed Sales are
down to -6.0% for
October 2019 in which the number of units closed was 220 compared to 234
in October 2018, with
a decrease in cash sales of -14.0% compared to October
2018.
- New Pending
Sales are up +20.3% and
New Listings are up +15.3%.
- Median Sales
Price for Townhomes/Condos is up +5.7% to $185,000 compared to a year ago, which was
$175,000.
- Months Supply of
Inventory is down -2.8% to
3.5 months in October 2019 from 3.6 months in October 2018.
- Traditional
Sales are up -6.1%, with
a median sales price of $185,000.
- Foreclosure/REO
Sales are unchanged at 0.0%,
with 3 sales and a median sales price of $131,000.
- Short Sale
Closings are unchanged at +0.0% with 0 closed sales in October 2019 compared to 0 closed
sales in October 2018.
