Brevard County Residential Market Report May 2015
•Closed Sales are up 9.4% for May 2015 with 931 units closed compared to 851 in May 2014. Cash sales decreased -5.3% compared to May 2014.
•New Pending Sales are up 13.8% and New Listings are down -2.3%.
•Median Sales Price for Brevard County Single Family Homes are up 23.0% to $166,000 compared to a year ago, which was $135,000.
•Median Days on the Market are down -28.6% to 30 days compared to 42 in May 2014.
•Months Supply of Inventory is down -24.7% to 2.9 months compared to 3.9 months in May 2014.
•Traditional Sales are up 23.9%, with a median sales price of $180,000.
•Foreclosure/REO Sales are down -26.2%, with a median sales price of $96,550.
•Short Sale Closings are down -39.0%, with a median sale price of $129,000.
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