Brevard County, FL Real Estate Market Summary - March 2018

Real Estate Agent with Bucci Realty, Inc. BK3064647

Presented below is the Brevard County, Florida real estate market summary for March 2018 as provided by the Space Coast Association of Realtors.

The Brevard County Residential Report for March 2018:
  • Closed Sales are up 2.9% for March 2018 in which the number of units closed was 935 compared to 909 in March 2017 with a decrease in cash sales of -14.7% compared to March 2017.
  • New Pending Sales are up 0.6%.
  • New Listings are up 7.1%.
  • The Median Sales Price for Brevard Single Family homes is up 18.6% to $230,000 compared to a year ago which was $194,000.
  • Months Supply of Inventory is up 12% to 2.8 months an increase from 2.5 months in 2018.
  • Traditional Sales are up 6.5% with a median sales price of $230,000.
  • Foreclosure/REO Sales are down -59.6% with a median sales price of $240,000.
  • Short Sale Closings are down -28.6% with a median sales price of $219,000. 

The Brevard County Condo and Townhouse Report for March 2018:

  • Closed Sales are up 24.4% for March 2018 in which the number of units closed was 316 compared to 254 in March 2017, with an increase in cash sales of 12.6% compared to March 2017.
  • New Pending Sales are up 5.8 %.
  • New Listings are up 15.5%.
  • Median Sales Price for Townhomes/Condos is up 6.7% to $160,000 compared to a year ago which was $150,000.
  • Months Supply of Inventory has decreased to 3.5 months in March 2018 from 3.6 months in March 2017.
  • Traditional Sales are up 26.5% with a median sales price of $160,000.
  • Foreclosure/REO Sales are down -44.4% with a median sales price of $105,018. 
  • Short Sale Closing statistics are not available as there were no short sales in March 2017 and one in March 2018.
For information on buying or selling a home in Melbourne, Florida including Viera/Suntree, please call me directly at  2-693-350 or send me an email.


Posted by

Gary L. Waters, is a Florida licensed real estate broker associate with Bucci Realty, Inc. in Melbourne, Florida.  

 Call or text me directly at 321-693-3850.




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Comments (4)

Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Another great market report..thanks for sharing and happy Monday!

Apr 23, 2018 06:46 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC buyers and sellers should appreciate your efforts in compiling this data for their benefit....they would be wise to call you for guidance...

Apr 23, 2018 07:11 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Gary.  Thanks for keeping us informed about the real estate market in Brevard County, FL.

May 29, 2018 05:16 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Gary and I am just touching base with you at ActiveRain ...

Please take a look at my latest post on ActiveRain members that I follow. I am going through my list of who's active and who's not, anyone that has not posted in over 1 year I am dropping off my list ... ;o)

You will be staying on my list ...

Jun 06, 2018 09:30 AM