Brevard County Real Estate Market Update Ending October 2018



A quick 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. 
A quick 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.

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