SPACE COAST DAILY TV REAL ESTATE UPDATE: Realtor Bobby Freeman Provides Market Report, Buyer Tips
By Space Coast Daily // June 26, 2017
Closed Sales are up 3 percent for May 2017
SPACE COAST DAILY REAL ESTATE TV: Space Coast Daily Real Estate Show host and local Realtor Bobby Freeman discusses his monthly real estate market report, give a great tip for home buyers and features a home for sale in Melbourne.
BREVARD COUNTY, FLORIDA – Space Coast Daily Real Estate Show host and local Realtor Bobby Freeman discusses his monthly real estate market report, give a great tip for home buyers and features a home for sale in Melbourne.
A quick recap of the Brevard County Residential Report for May 2017:
Closed Sales are up 3% for May 2017 in which the number of units closed was 987 compared to 958 in May 2016, with a decrease in cash sales of -12% compared to May 2016.
New Pending Sales are up 4.1% and New Listings are up 14.2%.
The Median Sales Price for Brevard Single Family homes is up 14.1% to $211,000 compared to a year ago, which was $185,000.
Months Supply of Inventory is down -3.7% at 2.6 months compared to 2.7 months in May 2016.
Traditional Sales are up 8.3%, with a median sales price of $215,250.
Foreclosure/REO Sales are down -50%, with a median sales price of $132,500.
Short Sale Closings are down -21.4%, with a median sales price of $165,000.
A quick recap of the Brevard County Townhouses/Condos for May 2017 compared to May 2016:
Closed Sales are up 1.9% for May 2017 in which the number of units closed was 270 compared to 265 in May 2016, with a decrease in cash sales of -8.5% compared to May 2016.
New Pending Sales are up 15.5% and New Listings are up 18.7%.
Median Sales Price for Townhomes/Condos is up 16.1% to $162,500 compared to a year ago, which was $140,000.
Months Supply of Inventory is down -5.3% to 3.6 months compared to 3.8 months in May 2016.
Traditional Sales are up 3.6%, with a median sales price of $161,500.
Foreclosure/REO Sales saw no change and the median sales price was $197,500.
Short Sale Closings are down -100%, as there were no short sale closings in May of 2017.
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