A quick recap of the Brevard County Residential Report for Q3
2019:
- Closed Sales are
up +1.0% for Q3 2019
in which the number of units closed was 2,703 compared to 2,676 in Q3
2018, with a decrease
in cash sales of -8.6% compared to Q3 2018.
- New Pending
Sales are up +2.0% and
New Listings are down -7.7%.
- The Median Sales
Price for Brevard Single Family homes is up +4.0% to $239,900 compared to a year ago, which was
$230,762.
- Months Supply of
Inventory is down -12.5% to
2.8 months, a decrease from 3.2 months in Q3 2018.
- Traditional
Sales are up +1.6%, with
a median sales price of $240,250.
- Foreclosure/REO
Sales are down -22.0%, with
46 sales and a median sales price of $150,000.
- Short Sale
Closings are down -30.0% with
7 closed sales in Q3 2019 compared to 10 sales in Q3 2018.
A quick recap of the Brevard County Townhouses/Condos for Q3
2019:
- Closed Sales are
up to +7.4% for Q3
2019 in which the number of units closed was 769 compared to 716 in Q3
2018, with a
decrease in cash sales of -6.4% compared to Q3 2018.
- New Pending
Sales are up +5.6% and
New Listings are down -11.1%.
- Median Sales
Price for Townhomes/Condos is up +6.9% to $187,000 compared to a year ago, which was
$174,950.
- Months Supply of
Inventory is down -2.9% to
3.4 months in Q3 2019 from 3.5 months in Q3 2018.
- Traditional
Sales are up +8.3%, with
a median sales price of $187,500.
- Foreclosure/REO
Sales are down -41.7%, with
7 sales and a median sales price of $107,125.
- Short Sale
Closings are unchanged at +0.0% with 1 closed sale in Q3 2019 compared to 1 closed sale in
Q3 2018.
