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Brevard County, Florida Real Estate Market Summary May 2018
A quick recap of the Brevard County Residential Report for May 2018: Closed Sales are down -4.5% for May 2018 in which the number of units closed was 943 compared to 987 in May 2017 with a decrease in cash sales of -13.2% compared to May 2017. New Pending Sales are up 0.4%. New Listings are up 11.1%. The Median Sales Price for Brevard Single Family homes is up 6.6% to $225,000 compared to a year ago which was $211,000. Months Supply of Inventory is up 19.2% to 3.1 months an increase from 2.6 months in 2017. Traditional Sales are down -1.3% with a median sales price of $225,000. Foreclosure/REO Sales are down -65% with a median sales price of $154,400. Short Sale Closings are down -54.5% with a median sales price of $186,000.  A quick recap of the Brevard County Townhouses/Condos for May 2018: Closed Sales are up 11.9% for May 2018 in which the number of units closed was 302 compared to 270 in May 2017 with an increase in cash sales of 7.9% compared to May 2017. New Pending Sales are down -3.9 %. New Listings are up 13.8%. Median Sales Price for Townhomes/Condos is up 10.7% to $179,950 compared to a year ago which was $162,500. Months Supply of Inventory has ... more

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