Presented below is the January 2018 real estate market summary for Brevard County, Florida as provided by the Space Coast Association of Realtors.
The residential/single family report for January 2018 as compared to January 2017:
- Closed Sales - dipped 6.2% for January 2018 with 563 units closed compared to 600 in January 2017 Cash sales also decreased 19.3% compared to January 2017.
- New Pending Sales - just barely down 0.5%.
-
New Listings - decreased 3.7%.
- Median Sales Price for Brevard Single Family homes - up 10.3% to $215,000 compared to a year ago which was $195,000.
- Months Supply of Inventory - increased 7.7% to 2.8 months, an increase from 2.6 months in 2017.
- Traditional Sales - down 1.3% with a median sales price of $215,750.
- Foreclosure/REO Sales - down a massive 64.4% with a median sales price of $162,500.
- Short Sale Closings - dropped 25.0% with a median sales price of $215,000.
A quick recap of the Brevard County Townhouses/Condos for January 2018:
- Closed Sales - down 9.7% for January 2018 with 168 units closed compared to 186 in January 2017 with a decrease in cash sales of -21.9% compared to January 2017.
- New Pending Sales - increased 2.7% and New Listings are up 14.6%.
- Median Sales Price for Townhomes/Condos - up 4.9% to $149,950 compared to a year ago which was $143,000.
- Months Supply of Inventory has stayed the same at 3.8 months in January 2018 and January 2017.
- Traditional Sales - down 7.3% with a median sales price of $149,950.
- Foreclosure/REO Sales - down 85.7% with a median sales price of $130,000.
- Short Sale Closing statistics are not available with one sale in January 2018 with a median sales price of $400,000 and no sales in January 2017.
Comments(3)