Brevard County, Florida Condo/Townhouse Market Report July 2016
This summary provides a comparison of the Brevard County Condo and Townhouse Market for July 2016 versus July 2015.
Closed Sales are down -33.7% for July 2016 in which the number of units closed was 183 compared to 276 in July 2015.
That represents a decrease in cash sales by -40% compared to July 2015.
•New Pending Sales are down -5.5% and New Listings are up .4%.
•Median Sales Price for Townhomes/Condos is up 5.1% to $145,000 compared to a year ago, which was $138,000.
•Months’ Supply of Inventory is up 15.2% to 3.8 months compared to 3.3 months in July 2015.
•Traditional Sales are down -28.3%, with a median sales price of $147,000.
•Foreclosure/REO Sales are down -78.8%, with a median sales price of $90,100.
•Short Sale Closings are up 33.3%, with a median sales price of $62,500.
For more information on the Brevard County, Florida Condo and Townhouse Market, call, text or email me.
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