Brevard County Real Estate Market Update Ending January 2019

A quick recap of the Brevard County Residential Report for January 2019:
  • Closed Sales are down -7.5% for January 2019 in which the number of units closed was 521 compared to 563 in 2018, with a decrease in cash sales of -2.6% compared to January 2018.
  • New Pending Sales are down -7.4% and New Listings are up 0.6%.
  • The Median Sales Price for Brevard Single Family homes is up 6.3% to $228,463 compared to a year ago, which was $215,000.
  • Months Supply of Inventory is up 28.6% to 3.6 months, an increase from 2.8 months in January 2018.
  • Traditional Sales are down -7.4%, with a median sales price of $230,500.
  • Foreclosure/REO Sales saw no change with 16 Sales in January 2018 and January 2019 and a median sales price of $148,500.
  • Short Sale Closings are down -66.7%, with a median sales price of $180,000. 
A quick recap of the Brevard CountyTownhouses/Condos for January 2019:
  • Closed Sales are down -12.5% for January 2019 in which the number of units closed was 147 compared to 168 in 2018, with a decrease in cash sales of -7.9% compared to January 2018.
  • New Pending Sales are down -6.5% and New Listings are down -2.6%.
  • Median Sales Price for Townhomes/Condos is up 13% to $169,400 compared to a year ago, which was $149,950.
  • Months Supply of Inventory is up 10.5% to 4.2 months in January 2019 from 3.8 months in January 2018.
  • Traditional Sales are down -12.7%, with a median sales price of $170,000.
  • Foreclosure/REO Sales are up 100% with two sales in January 2019 and a median sales price of $128,125. 
  • Short Sale Closings are down -100% with no sales in January 2019.

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