Brevard County, FL Real Estate Market Summary April 2018

By
Real Estate Agent with Bucci Realty, Inc. BK3064647

Presented below is a recap of the Brevard County Residential (Single Family Home) Report for April 2018:
  • Closed Sales are up 12.7% for April 2018 with 907 units closed compared to 805 in April 2017. There was a decrease in cash sales of -6.7% compared to April 2017.
  • New Pending Sales are down -0.7%.
  • New Listings are up 7.7%. 
  • The Median Sales Price for Brevard Single Family homes is up 11.2% to $227,500 compared to a year ago ($204,655).
  • Months Supply of Inventory is up 16% to 2.9 months an increase from 2.5 months.
  • Traditional Sales are up 17.4% with a median sales price of $228,000.
  • Foreclosure/REO Sales are down -64.1% with a median sales price of $138,750.
  • Short Sale Closings are down -71.4% with a median sales price of $133,250. 
Here is the recap of the Brevard County Townhouse and Condo market for April 2018:
  • Closed Sales are up 7.2% with 253 units closed compared to 236 in April 2017.
  • New Pending Sales are up 15.5 %.
  • New Listings are up 6.8%.
  • Median Sales Price for Townhomes/Condos is up 18.8% to $190,000 compared to a year ago which was $160,000.
  • Months Supply of Inventory has decreased to 3.5 months in April 2018 from 3.7 months in April 2017.
  • Traditional Sales are up 6.9% with a median sales price of $192,000.
  • Foreclosure/REO Sales are up 100% with a median sales price of $98,000. 
  • There were no short sales in April 2018 and one in April 2017.

 

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.

 

 

 

Enter your email address to subscribe to this blog:

Delivered by FeedBurner

Comments (2)

Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Gary- What a strong market report for Brevard County!!! Buyers and sellers should contact you for more information . 

May 29, 2018 05:50 PM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

Thank you for sharing the latest sales and inventory report on this segment of the real estate market in Brevard County Florida. 

Jun 03, 2018 01:44 AM