From the Space Coast Association of Realtors
A quick recap of the Brevard County Residential Report for
February 2020:
- Closed Sales are
up +4.4% for February
2020 in which the number of units closed was 695 compared to 666 in
February 2019, with a decrease
in cash sales of -18.4% compared to February 2019.
- New Pending
Sales are up +16.2% and
New Listings are up +4.7%.
- The Median Sales
Price for Brevard Single Family homes is up +7.8% to $248,000 compared to a year ago, which was
$230,000.
- Months Supply of
Inventory is down -27.8% to
2.6 months, a decrease from 3.6 months in February 2019.
- Traditional
Sales are up +4.9%, with
a median sales price of $250,000.
- Foreclosure/REO
Sales are down -8.3%, with
22 sales and a median sales price of $162,550.
- Short Sale
Closings are unchanged 0% with
3 closed sale in February 2020 compared to 3 closed sales in February
2019.
A quick recap of the Brevard County Townhouses/Condos for
February 2020:
- Closed Sales are
down -0.9% for
February 2020 in which the number of units closed was 210 compared to 212
in February 2019, with a decrease
in cash sales of -17.6% compared to February 2019.
- New Pending
Sales are up +4.8% and
New Listings are down -5.8%.
- Median Sales
Price for Townhomes/Condos is up +21.5% to $210,750 compared to a year ago, which was
$173,500.
- Months Supply of
Inventory is down -21.4% to
3.3 months in February 2020 from 4.2 months in February 2019.
- Traditional
Sales are down -1.0%, with
a median sales price of $212,500.
- Foreclosure/REO
Sales are unchanged 0%,
with 3 sales and a median sales price of $72,100.
- Short Sale
Closings are unchanged 0.0% with 0 closed sales in February 2020 compared to 0 closed sales in
February 2020.
