Brevard County Condo/Townhouse Market Report May 2017
This report provides a summary of the Brevard County, Florida Condo and Townhouse Market for May 2017 compared to May 2016.
Closed Sales are up 1.9% for May 2017 with 270 units closed compared to 265 in May 2016.
Cash sales decreased by -8.5% compared to May 2016.
New Pending Sales are up 15.5% compared to May 2016.
New Listings are up 18.7% compared to May 2016.
Median Sales Price for Condos and Townhomes is up 16.1% to $162,500 compared to a year ago, which was $140,000.
Months’ Supply of Inventory is down -5.3% to 3.6 months compared to 3.8 months in May 2016.
Traditional Sales are up 3.6%, with a median sales price of $161,500.
Foreclosure/REO Sales saw no change and the median sales price was $197,500.
Short Sale Closings are down -100%, as there were no short sale closings in May of 2017.
Call or email me for more information about the Brevard County, Florida real estate market.
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