Average Home Sales Price In Brevard County Up 15 Percent To $247,000 Year-Over-Year

By  //  March 31, 2018

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Homes and condos in all price ranges are moving quick in Brevard County

ABOVE VIDEO: March 2018 RE/MAX national housing report – average home sales price in Brevard County up 15 percent to $247,000 compared to February 2017.

BREVARD COUNTY, FLORIDA – Average home sales price in Brevard County is up 15 percent to $247,000 compared to February 2017.

Statewide, Florida’s housing market reported more closed sales, more new listings and higher median prices in February even as for-sale inventory remained tight, according to the latest housing data released by Florida Realtors.

February marked 74 months-in-a-row that the statewide median sales prices for both single-family homes and townhouse-condo properties rose year-over-year. The median is the midpoint; half the homes sold for more, half for less.

“Homes and condos in all price ranges are moving quick,” says Jennifer McCoy, Broker-Associate for RE/MAX Elite’s McCoy-Freeman Group.

“We are still in a seller’s market here on Florida’s Space Coast and I don’t see that changing anytime soon, even if the Fed raises interest rates,” says McCoy.

“Homes and condos in all price ranges are moving quick,” says Jennifer McCoy, Broker-Associate for RE/MAX Elite’s McCoy-Freeman Group. “We are still in a seller’s market here on Florida’s Space Coast and I don’t see that changing anytime soon, even if the Fed raises interest rates,” says McCoy.

Recap of the Brevard County Residential Report for February 2018

• Closed Sales are up 6.9% for February 2018 in which the number of units closed was 694 compared to 649 in February 2017, with a decrease in cash sales of -8.1% compared to February 2017.

• New Pending Sales are up 2.7% and New Listings are up 9.1%.

• The Median Sales Price for Brevard Single Family homes is up 12.2% to $230,000 compared to a year ago, which was $205,000.

• Months Supply of Inventory is up 8% to 2.7 months, an increase from 2.5 months in 2017.

• Traditional Sales are up 10.2%, with a median sales price of $232,000.

• Foreclosure/REO Sales are down -38.7%, with a median sales price of $159,500.

• Short Sale Closings are down -55.6%, with a median sales price of $203,500.

Recap of the Brevard County Residential Report for February 2018.

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Recap of the Brevard County Townhouses/Condos for February 2018

• Closed Sales are up 21.6% for February 2018 in which the number of units closed was 225 compared to 185 in February 2017, with an increase in cash sales of 26.6% compared to February 2017.

• New Pending Sales are up 32.9% and New Listings are up 3.9%.

• Median Sales Price for Townhomes/Condos is up 11.9% to $156,500 compared to a year ago, which was $139,900.

• Months Supply of Inventory has decreased to 3.7 months in February 2018 from 3.9 months in February 2017.

• Traditional Sales are up 24.4%, with a median sales price of $157,000.

• Foreclosure/REO Sales are down -50% with a median sales price of $172,500.

• Short Sale Closing statistics are up 100%, with two sales in February 2018 with a median sales price of $146,000 and one sale in February 2017.

Recap of the Brevard County Townhouses/Condos for February 2018.

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