Brevard County, Florida Condo/Townhouse Market Report August 2016
This summary provides a comparison of the Brevard County, Florida Condo and Townhouse Market for August 2016 versus August 2015.
•Closed Sales were up 10.7% for August 2016 in which the number of units closed was 258 compared to 233 in August 2015.
There was an increase in cash sales of 4.9% compared to August 2015.
•New Pending Sales are up 7.6% and New Listings are up 3.4%.
•Median Sales Price for Townhomes/Condos is up 16.7% to $154,000 compared to a year ago, which was $132,000.
•Our Months’ Supply of Inventory is up 6.2% to 3.4 months compared to 3.2 months in August 2015.
•Traditional Sales are up 24.1%, with a median sales price of $158,500.
•Foreclosure/REO Sales are down -56.3%, with a median sales price of $63,000.
•Short Sale Closings are down -66.7%, with a median sales price of $112,450.
Call, text or email me for more information about the Brevard County, Florida real estate market.
Comments(4)