REAL ESTATE MARKET WATCH: Brevard Single Family Home Median Sales Price Up 17.9% to $230,000

By  //  November 27, 2018

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Brevard County Median Sales Price for Townhomes and Condos are up 9.4% to $175,000

ABOVE VIDEO: The median sales price in October for Brevard County single-family homes is up 17.9 percent to $230,000 compared to a year ago, which was $195,000. “Inventory increased over 25 percent for single-family homes in Brevard compared to this time last year,” said Jennifer McCoy, Broker-Associate for REMAX Elite’s McCoy-Freeman Group.

BREVARD COUNTY, FLORIDA – The median sales price in October for Brevard County single-family homes is up 17.9 percent to $230,000 compared to a year ago, which was $195,000.

Florida’s housing market reported more closed sales, rising median prices and more new listings in October compared to a year ago, according to the latest housing data released by Florida Realtors.

Sales of single-family homes statewide totaled 22,272 last month, up 8.5 percent compared to October 2017.

October marked 82 consecutive months (more than six and a half years) that statewide median sales prices for both single-family homes and condo-townhouse properties increased year-over-year.

“Inventory increased over 25 percent for single-family homes in Brevard compared to this time last year,” said Jennifer McCoy, Broker-Associate for REMAX Elite’s McCoy-Freeman Group.

“The rise in new listings is a good news for homebuyers giving them more options, however, the median home price continues to increase.”

“Inventory increased over 25 percent for single-family homes in Brevard compared to this time last year,” said Jennifer McCoy, Broker-Associate for REMAX Elite’s McCoy-Freeman Group. “The rise in new listings is a good news for homebuyers giving them more options, however, the median home price continues to increase.”

Recap of the Brevard County Residential Report for October 2018

• Closed Sales are up 16.6% for October 2018 in which the number of units closed was 809 compared to 694 in October 2017, with an increase in cash sales of 31.9% compared to October 2017.

• New Pending Sales are down -11.3% and New Listings are up 12%.

• The Median Sales Price for Brevard Single Family homes is up 17.9% to $230,000 compared to a year ago, which was $195,000.

• Months Supply of Inventory is up 22.2% to 3.3 months, an increase from 2.7 months in 2017.

• Traditional Sales are up 18.8%, with a median sales price of $234,000.

• Foreclosure/REO Sales are down -23.7%, with a median sales price of $152,000.

• Short Sale Closings are up 33.3%, with a median sales price of $141,025.

Recap of the Brevard County Residential Report for October 2018.

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Recap of the Brevard County Townhouses/Condos for October 2018

• Closed Sales are up 21.2% for October 2018 in which the number of units closed was 234 compared to 193 in October 2017, with an increase in cash sales of 21% compared to October 2017.

• New Pending Sales are up 3.7% and New Listings are up 10.6%.

• Median Sales Price for Townhomes/Condos is up 9.4% to $175,000 compared to a year ago, which was $160,000.

• Months Supply of Inventory increased to 3.6 months in October 2018 from 3.4 months in October 2017.

• Traditional Sales are up 26.2%, with a median sales price of $175,000.

• Foreclosure/REO Sales were down -62.5% with a median sales price of $60,000.

• Short Sale Closings are down -100% with no short sales in October 2018.

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

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