MARKET WATCH: Median Sales Price for Brevard Single Family Home Up 7.8% to $248,000

By  //  July 28, 2019

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Median Sales Price for Townhomes/Condos is up 14.3% to $200,000

The Median Sales Price for Brevard Single Family homes is up 7.8% to $248,000 compared to a year ago, which was $229,950.

BREVARD COUNTY, FLORIDA – The Median Sales Price for Brevard Single Family homes is up 7.8% to $248,000 compared to a year ago, which was $229,950.

In June, Florida’s housing market reported rising median prices and increased inventory, including pending inventory and active listings inventory compared to a year ago, according to the latest housing data released by Florida Realtors.

“Sales of existing homes in Florida eases a little in June,” said Florida Realtors Chief Economist Dr. Brad O’Connor.

“Single-family home sales were down compared to last June in 14 of the state’s 22 metro areas, falling by slightly less than 2% on a statewide basis. Year-to-date, however, single-family home sales are still up by 2.1%.

Recap of the Brevard County Residential Report for June 2019

• Closed Sales are down 3.5% for June 2019 in which the number of units closed was 924 compared to 958 in June 2018, with a decrease in cash sales of 9.3% compared to June 2018.

• New Pending Sales are up +0.3% and New Listings are down -10.3%.

• The Median Sales Price for Brevard Single Family homes is up 7.8% to $248,000 compared to a year ago, which was $229,950.

• Months Supply of Inventory is down -6.5% to 2.9 months, a decrease from 3.1 months in June 2018.

• Traditional Sales are down 1.2%, with a median sales price of $249,250.

• Foreclosure/REO Sales are down 69%, with 9 sales and a median sales price of $130,000.

• Short Sale Closings are down 75% with 1 closed sale in June 2019 compared to 4 sales in June 2018.

Recap of the Brevard County Residential Report for June 2019.

Recap of the Brevard County Townhouses/Condos for June 2019

• Closed Sales are up 7.2% for June 2019 in which the number of units closed was 239 compared to 223 in June 2018, with a decrease in cash sales of -8.3% compared to June 2018.

• New Pending Sales are up 26.5% and New Listings are up 30.6%.

• Median Sales Price for Townhomes/Condos is up 14.3% to $200,000 compared to a year ago, which was $175,000.

• Months Supply of Inventory increased 14.7% to 3.9 months in June 2019 from 3.4 months in June 2018.

• Traditional Sales are up 7.3%, with a median sales price of $200,000.

• Foreclosure/REO Sales are up 50%, with 3 sales and a median sales price of $133,000.

• Short Sale Closings are down 50% with 1 closed sale in June 2019 compared to 2 sales in June 2018.

Recap of the Brevard County Townhouses/Condos for June 2019

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ABOUT THE AUTHOR

Bobby Freeman

Bobby Freeman

Bobby Freeman, a lifetime resident of Brevard County, has been a top Realtor in the area for two decades. In his first year as an agent, Freeman received a Rising Star award from his Brokers. Since then he has achieved numerous sales awards including the prestigious RE/MAX Hall of Fame Award.

Freeman, Jennifer McCoy and Nikki McCoy-Freeman are family partners for RE/MAX Elite’s McCoy-Freeman Group. Together they have more than 30 years of extensive experience in all aspects of the real estate industry and have sold over $300 million.

Among McCoy-Freeman Group’s achievements are RE/MAX Hall of Fame, RE/MAX Platinum Club, Certified Luxury Home Marketing Specialist (CLHMS), Certified Distressed Property Experts (CDPE), Accredited Buyer’s Representative (ABR) and voted Best Realtor in Brevard County.

The group has been featured in many news publications including CNN Money Magazine, CNNMoney.com, WFTV 9 News, News 13, WKMG News 6, Coastal Condo Living Magazine, Hot Retirement Towns Magazine and SpaceCoastDaily.com.

For more information log on to BrevardRealtyConnection.com

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