Brevard County Real Estate Market Update - September 2018

September 2018 Brevard County Real Estate Market Update

Recap of the Brevard County Residential Report for September 2018:

  • Closed Sales are up 8.1% for September 2018 in which the number of units closed was 749 compared to 693 in September 2017, with an increase in cash sales of 15.7% compared to September 2017.
  • New Pending Sales are up 47.8% and New Listings are up 49.4%.
  • The Median Sales Price for Brevard Single Family homes is up 9.3% to $235,000 compared to a year ago, which was $215,000.
  • Months Supply of Inventory is up 14.3% to 3.2 months, an increase from 2.8 months in 2017.
  • Traditional Real Estate Sales are up 9%, with a median sales price of $238,750.
  • Foreclosure/REO Sales are down -10.5%, with a median sales price of $145,600.
  • Short Sale Closings are down -40%, with a median sales price of $112,500. 

Recap of the Brevard County Townhouses/Condos for September 2018:

  • Closed Sales are up 12.9% for September 2018 in which the number of units closed was 184 compared to 163 in September 2017, with an increase in cash sales of 23.7% compared to September 2017.
  • New Pending Sales are up 47.1% and New Listings are up 63.3%.
  • Median Sales Price for Townhomes/Condos is up 3.7% to $169,000 compared to a year ago, which was $163,000.
  • Months Supply of Inventory increased to 3.5 months in September 2018 from 3.4 months in September 2017.
  • Traditional Sales are up 13.9%, with a median sales price of $171,500.
  • Foreclosure/REO Sales saw no change with a median sales price of $85,950. 
  • Short Sale Closings are down -100% with no sales in September 2018 and one sale in September 2017.

View all of the current homes for sale in Cocoa Beach HERE.

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