From the Space Coast Area of Realtors:
A quick recap of the Brevard County Residential Report for
January 2020:
- Closed Sales are
up +15.0% for January
2020 in which the number of units closed was 599 compared to 521 in
January 2019, with an increase
in cash sales of +9.3% compared to January 2019.
- New Pending
Sales are up +12.0% and
New Listings are down -1.3%.
- The Median Sales
Price for Brevard Single Family homes is up +5.5% to $240,982 compared to a year ago, which was
$228,463.
- Months Supply of
Inventory is down -27.8% to
2.6 months, a decrease from 3.6 months in January 2019.
- Traditional
Sales are up +14.9%, with
a median sales price of $244,900.
- Foreclosure/REO
Sales are up +18.8%, with
19 sales and a median sales price of $118,000.
- Short Sale
Closings are unchanged 0% with
1 closed sale in January 2020 compared to 1 sale in January 2019.
A quick recap of the Brevard County Townhouses/Condos for
January 2020:
- Closed Sales are
up +19.0% for January
2020 in which the number of units closed was 175 compared to 147 in
January 2019, with an increase
in cash sales of +7.3% compared to January 2019.
- New Pending
Sales are up +17.9% and
New Listings are down -6.7%.
- Median Sales
Price for Townhomes/Condos is up +0.4% to $170,000 compared to a year ago, which was
$169,400.
- Months Supply of
Inventory is down -19.0% to
3.4 months in January 2020 from 4.2 months in January 2019.
- Traditional
Sales are up +20.7%, with
a median sales price of $170,000.
- Foreclosure/REO
Sales are down -100%, with
0 sales and a median sales price of $N/A.
- Short Sale
Closings are unchanged 0.0% with 0 closed sales in January 2020 compared to 0 closed sales in
January 2020.
JoAnn Young, Young & Young Properties
321-243-4917
