Brevard County, Florida Residential Market Report September 2016
This summary compares the Brevard County Residential Real Estate Market activity for single family homes in September 2016 to that of September 2015.
- Closed Sales are down -0.7% for September 2016 in which the number of units closed was 849 compared to 855 in September 2015.
- There was a decrease in cash sales of -23.7% compared to September 2015.
- New Pending Sales are up 4.3% and New Listings are up 5.6%.
- The Median Sales Price for Brevard Single Family homes is up 15.9% to $197,100 compared to a year ago, which was $170,000.
- Months’ Supply of Inventory is down -3.8% at 2.5 months compared to 2.6 months in September 2015.
- Traditional Sales are up 8.2%, with a median sales price of $200,000.
- Foreclosure/REO Sales are down -60.2%, with a median sales price of $141,000.
- Short Sale Closings are down -6.7%, with a median sales price of $123,500.
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