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Brevard County, Florida Real Estate Market Summary October 2017

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 ... more

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