Brevard County, Florida Residential Market Report May 2018

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Real Estate Agent with Tropical Realty Beachside power by eXp

Brevard County, Florida Residential Market Report May 2018

 

This report provides a summary of the Brevard County, Florida Residential Market for May 2018 compared to May 2017.

 

 

Closed Sales

 

were down -4.5% for May 2018 with 943 units closed compared to 987 in May 2017.

 

Cash sales

 

decreased -13.2% compared to May 2017.

 

New Pending Sales

 

were up 0.4%.

 

New Listings

 

were up 11.1%.

 

The Median Sales Price

 

for Brevard Single Family homes is up 6.6% to $225,000 compared to a year ago, when it 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. 

 

For more information on the Brevard County real estate market, contact me.

 

 

 

 

 

Posted by

Diana Zaccaro P.A., REALTOR®

"Your Coastal Connection for Cocoa Beach

and the Brevard County Beaches"

Direct: 321.537.7855  - DianaZaccaro@gmail.com

 Tropical Realty Beachside

powered by eXp

 

 

 

 

 

 

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2018 Market Reports

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Diana Zaccaro

Your Brevard County, Florida coastal connection!
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