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Real Estate Market Summary Brevard County, FL 3rd Quarter 2017
Presented below is a summary report of the Brevard County, Florida real estate activity and market for the third quarter of 2017 compared the same quarter a year ago.
Summary of the Brevard County Residential Market for Q3 2017:
Closed Sales - down -3.4% for Q3 2017 with 2,528 units closed compared to 2,617 in Q3 2016. There was also a decrease in cash sales of -11.7% in Q3 2017. New Pending Sales - decreased -9.6%. New Listings - increased 1.3%. Median Sales Price for Brevard Single Family homes - climbed 11.7% to $220,000 compared to a year ago which was $196,950. Months Supply of Inventory - grew 12% to 2.8 months from 2.5 months in 2016. Traditional Sales (Fair Market) - dropped -0.6% with a median sales price of $221,620 although my guess is Hurricane Irma had some impact. Foreclosure/REO Sales - down -41.8% with a median sales price of $135,000. Short Sale Closings - also down -41.9% with a median sales price of $180,000. Summary of the Brevard County Townhouse/Condo Market for Q3 2017:
Closed Sales - down -6.1% for Q3 2017 in which the number of units closed was 626 compared to 667 in Q3 2016, with a ... more

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