Brevard County, Florida Real Estate Market Summary October 2017

By
Real Estate Broker/Owner with Waters Realty of Brevard, LLC BK3064647

Here is a quick recap of the Brevard County single family home market for October 2017 compared to October 2016:
  • Closed Sales are down -2.8% for October 2017 with 694 units closed compared to 714 in October 2016 with a decrease in cash sales of -14% compared to October 2016.
  • New Pending Sales are up 33.2%.
  • New Listings are up 15.3%.
  • The Median Sales Price for Brevard Single Family homes is up 2.6% to $195,000 compared to a year ago which was $190,000.
  • Months Supply of Inventory is up 12.5% to 2.7 months, an increase from 2.4 months in 2016.
  • Traditional Sales are down -2% with a median sales price of $200,000.
  • Foreclosure/REO Sales are down -9.5% with a median sales price of $120,500.
  • Short Sale Closings are down -33.3% with a median sales price of $165,000. 
Here is the summary report for the Brevard County townhouse and condo market for October 2017 vs. October 2016:
  • Closed Sales are up 5.5% for October 2017 in which the number of units closed was 193 compared to 183 in October 2016 with an increase in cash sales of 7.5% compared to October 2016.
  • New Pending Sales are up 51.8%.
  • New Listings are up 18.7%.
  • Median Sales Price for Townhomes/Condos is up 8.8% to $160,000 compared to a year ago which was $147,000.
  • Months Supply of Inventory did not change (3.4 months).
  • Traditional Sales are up 7% with a median sales price of $160,000.
  • Foreclosure/REO Sales decreased -20% with a median sales price of $125,163. 
  • Short Sale Closings were unchanged with a median sales price of $64,000 in October 2017.
Ready to buy or sell a home in Melbourne, Florida?  Call or text me at 321-693-3850 for help.

 

Posted by

Gary L. Waters, is a Florida licensed real estate broker at  Waters Realty of Brevard, LLC, Melbourne, Florida serving Florida's Space Coast including the cities and surrounding communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and Satellite Beach.

 Call or text me directly at 321-693-3850.

 

 

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