Thursday, July 23, 2020

MLS Statistics June 2020


Data provided by the Space Coast Association of Realtors, Brevard County, FL
A quick recap of the Brevard County Residential Report for June 2020:
  • Closed Sales are up +13.6% for June 2020 in which the number of units closed was 1,050 compared to 924 in June 2019, with a decrease in cash sales of -1.7% compared to June 2019.
  • New Pending Sales are up +30.6% and New Listings are down -2.8%.
  • The Median Sales Price for Brevard Single Family homes is up +4.8% to $260,000 compared to a year ago, which was $248,000.
  • Months Supply of Inventory is down -27.6% to 2.1 months, a decrease from 2.9 months in June 2019.
  • Traditional Sales are up +12.6%, with a median sales price of $262,750.
  • Foreclosure/REO Sales are up +88.9%, with 17 sales and a median sales price of $157,500.
  • Short Sale Closings are up +300.0% with 4 closed sales in June 2020 compared to 1 closed sale in June 2019.
A quick recap of the Brevard County Townhouses/Condos for June 2020:
  • Closed Sales are down -3.3% for June 2020 in which the number of units closed was 231 compared to 239 in June 2019, with a increase in cash sales of +15.0% compared to June 2019.
  • New Pending Sales are up +11.1% and New Listings are down -22.8%.
  • Median Sales Price for Townhomes/Condos is up +8.8% to $217,500 compared to a year ago, which was $200,000.
  • Months Supply of Inventory is down -20.5% to 3.1 months in June 2020 from 3.9 months in June 2019.
  • Traditional Sales are down -1.7%, with a median sales price of $217,500.
  • Foreclosure/REO Sales are down -100.0%, with 0 sales and a median sales price of $0.
  • Short Sale Closings are down -100.0% with 0 closed sales in June 2020 compared to 1 closed sale in June 2019.
JoAnn Young, Young & Young Properties 321-243-4917