Brevard County, Florida Condo/Townhouse Market Report July 2018
This report provides a summary of the Brevard County, Florida Condo and Townhouse Market for July 2018 compared to July 2017.
Closed Sales were up 28.7% for July 2018 with 287 units closed compared to 223 units in July 2017.
Cash sales increased 14.3% compared to July 2017.
New Pending Sales were up 2.4%.
New Listings are down -8.4%.
Median Sales Price for Townhomes/Condos was up 6.1% to $170,750 in July 2018 compared to July 2017, when it was $161,000.
Months’ Supply of Inventory decreased to 3.3 months in July 2018 from 3.4 months in July 2017.
Traditional Sales were up 31.2% in July 2018 with a median sales price of $174,100.
Foreclosure/REO Sales were down -37.5% with a median sales price of $117,000.
Short Sale Closing statistics did not change, as there were no short sales in either July 2017 or July 2018.
For more information on the Brevard County, Florida
real estate market call, text or email me.
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