Brevard County, Florida Real Estate Market Summary May 2018

By
Real Estate Broker/Owner with Waters Realty of Brevard, LLC BK3064647
A quick recap of the Brevard County Residential Report for May 2018:
  • Closed Sales are down -4.5% for May 2018 in which the number of units closed was 943 compared to 987 in May 2017 with a decrease in cash sales of -13.2% compared to May 2017.
  • New Pending Sales are up 0.4%.
  • New Listings are up 11.1%.
  • The Median Sales Price for Brevard Single Family homes is up 6.6% to $225,000 compared to a year ago which was $211,000.
  • Months Supply of Inventory is up 19.2% to 3.1 months an increase from 2.6 months in 2017.
  • Traditional Sales are down -1.3% with a median sales price of $225,000.
  • Foreclosure/REO Sales are down -65% with a median sales price of $154,400.
  • Short Sale Closings are down -54.5% with a median sales price of $186,000. 
A quick recap of the Brevard County Townhouses/Condos for May 2018:
  • Closed Sales are up 11.9% for May 2018 in which the number of units closed was 302 compared to 270 in May 2017 with an increase in cash sales of 7.9% compared to May 2017.
  • New Pending Sales are down -3.9 %.
  • New Listings are up 13.8%.
  • Median Sales Price for Townhomes/Condos is up 10.7% to $179,950 compared to a year ago which was $162,500.
  • Months Supply of Inventory has decreased to 3.5 months in May 2018 from 3.6 months in May 2017.
  • Traditional Sales are up 16.7% with a median sales price of $180,000.
  • Foreclosure/REO Sales are down -91.7% with a median sales price of $55,000. 
  • Short Sale Closing statistics did not change as there were no short sales in May 2017 or May 2018.

 

Posted by

Gary L. Waters, is a Florida licensed real estate broker at  Waters Realty of Brevard, LLC, Melbourne, Florida serving Florida's Space Coast including the cities and surrounding communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and Satellite Beach.

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

 

 

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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Good Market report reort on Brevard County Florida .Thanks for keeping us up to date

Jun 20, 2018 07:03 AM #1
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