The following is provided by the Space Coast Association of Realtors:
A quick recap of the Brevard County Residential Report for May
2020:
- Closed Sales are
down -34.7% for May
2020 in which the number of units closed was 716 compared to 1,096 in May
2019, with a decrease
in cash sales of -46.3% compared to May 2019.
- New Pending
Sales are up +17.8% and
New Listings are up +1.6%.
- The Median Sales
Price for Brevard Single Family homes is up +4.5% to $250,000 compared to a year ago, which was
$239,208.
- Months Supply of
Inventory is down -10% to
2.7 months, a decrease from 3.0 months in May 2019.
- Traditional
Sales are down -34.3%, with
a median sales price of $251,500.
- Foreclosure/REO
Sales are down -40.7%, with
16 sales and a median sales price of $170,500.
- Short Sale
Closings are down -100% with
no closed sales in May 2020 compared to 4 closed sales in May 2019.
A quick recap of the Brevard County Townhouses/Condos for May
2020:
- Closed Sales are
down -43.8% for May 2020 in
which the number of units closed was 167 compared to 297 in May 2019, with
a decrease in
cash sales of -46.0% compared to May 2019.
- New Pending
Sales are down -1.1% and
New Listings are down -8.8%.
- Median Sales
Price for Townhomes/Condos is down -10.2% to $168,000 compared to a year ago, which was
$187,000.
- Months Supply of
Inventory is down -12.5% to
3.5 months in May 2020 from 4.0 months in May 2019.
- Traditional
Sales are down -43.8%, with
a median sales price of $178,500.
- Foreclosure/REO
Sales are down -40.0%, with
3 sales and a median sales price of $105,000.
- Short Sale
Closings are umchanged at 0.0% with 0 closed sales in May 2020 compared to 0
closed sales in May 2019.
JoAnn Young - Sales Associate
Young & Young Properties
321-243-4917
